Australian battery recycling startup Renewable Metals has closed an $8 million investment round to scale and commercialise its groundbreaking lithium-ion battery recycling technology, backed by Virescent Ventures and leading Asia Pacific and US-based investors.
The Renewable Metals technology uses an alkaline leaching that eliminates the need to pre-process battery cells to ‘black mass’ as found in existing battery recycling processes. The simpler extraction method developed by Renewable Metals uses less chemicals to recover critical battery materials and produces less waste, reducing processing costs by up to 30 percent compared to competitors.
To read the full article: https://www.cefc.com.au/media/media-release/cefc-and-virescent-ventures-back-wa-battery-recycling-start-up-renewable-metals/