ADVANCED LITHIUM-ION BATTERY RECYCLING

COMPANY:
LI-CYCLE™

REGION:
CANADA

METALS:
LITHIUM & COBALT

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Li-Cycle is a world-leading and high margin Li-ion battery recycling technology that recovers >90% of the most valuable elements of Li-ion batteries such as cobalt, nickel, lithium and copper.

TechMet funded Li-Cycle’s Series B equity round to enable Li-Cycle to construct its first two commercial plants.

On 16 February 2021, Li-Cycle announced that it would be listing on the NYSE via a SPAC transaction with Peridot Acquisition Corp. (NYSE: PDAC) with a pro-forma equity value of the combined company of approximately $1.67 billion.  The transaction is expected to close in the second quarter of 2021.

The full press release, transaction presentation and associated documents can be found here.

  • Li-Cycle’s proprietary technology is capable of safely dismantling and processing all Li-ion batteries – ‘future proofed’ against the changing chemistry.
  • Environmentally sound, low energy consumption, produces no landfilled waste, and no water discharge.
  • Based in Canada and with a second facility now commissioned in NY state, USA, Li-Cycle is positioned to become a dominant provider of battery management services in America and Europe.

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