Li Industries on LinkedIn: Li Industries | A New Age of Battery Recycling
Summary
Li Industries Raises Series B Funding to Expand Next-Generation Battery Recycling Technology PINEVILLE, NC May 9, 2024 - Li Industries announced today the successful raise of a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies. Ingo Ramesohl, Managing Director at Bosch Ventures, commented on the investment: "Li Industries is poised to tackle significant challenges in the Li-ion batterys circular supply chain with innovative, scalable solutions. Anshul Agarwal, Managing Director of LG Technology Ventures, said: "Our investment signifies the beginning of a robust partnership with Li Industries aimed at developing a truly sustainable and efficient supply chain for lithium-ion battery manufacturing." We invested in Li Industries early on and have watched them hit their technical and commercial milestones through the years, said Rajesh Swaminathan, Partner at Khosla Ventures. "Their ability to scale and commercialize their technology lays a solid foundation for further growth, and we are excited to continue supporting their journey."