Li Industries Completes $36 Million Series B Financing to Scale Lithium-Ion Battery Recycling Technology

Li Industries has successfully closed a $36 million Series B financing round to scale its next-generation lithium-ion battery recycling technology. The round was co-led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures, with participation from new investors Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures, and Chevron Technology Ventures. Existing investors Shell Ventures and Myriad Ventures continue to support Li Industries' mission to provide the most circular, cost-effective, and sustainable lithium-ion battery material solutions under the guidance of Nobel Laureate Dr. M. Stanley Whittingham. Given the strong investor interest, Li Industries plans to expand this round to $42 million, bringing the company's total private financing to over $50 million.