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Battery Resourcers Lands $70M

2021-09-21
WORCESTER, MA, Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, announced the closing of its latest mid-round funding totaling $70 million.
Hitachi Ventures became the newest investor to join the world-class syndicate of strategic and financial investors already backing Battery Resourcers' approach and technology. Existing investors include Orbia Ventures, Jaguar Land Rover's InMotion Ventures, Doral Energy, At One Ventures, TDK Ventures and Trumpf Ventures.

Battery Resourcers operates the world's most efficient lithium-ion battery recycling process. Unlike other battery recycling companies, Battery Resourcers offers a fundamentally new approach to lithium-ion battery manufacturing. Founded in 2015 with a mission of returning 100% of battery active materials back into new batteries, the company today makes EV-grade, finished cathode active materials that meet or exceed the performance requirements set by other industry-leading brands.
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