Li Industries raised $36M in a Series B funding round co-led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures to scale up its next-generation lithium-ion battery recycling technologies.
Amount Raised
$36 Million
Round Type
Series B
BlacksburgManufacturingRenewable EnergyInvestors
Description
Li Industries has successfully raised a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies. The round was co-led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures, with Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures, and Chevron Technology Ventures coming in as new investors. This new funding will support the construction of a 10,000 ton recycling facility powered by Li Industries' proprietary Direct Electrode-to-Electrode (Direct E2ETM) recycling technology.
Quick answer
Li Industries raised $36 Million in a Series B round, dated May 9, 2024. Investors: Myriad Ventures, Shell Ventures, Chevron Technology Ventures, Anglo American Decarbonization Ventures, Formosa Smart Energy Tech Corp., LG Tech Ventures, Khosla Ventures and Bosch Ventures. Li Industries is based in Blacksburg, Virginia, United States.
- How much did Li Industries raise?
- Li Industries raised $36 Million in a Series B round on May 9, 2024.
- Who invested in Li Industries?
- Myriad Ventures, Shell Ventures, Chevron Technology Ventures, Anglo American Decarbonization Ventures, Formosa Smart Energy Tech Corp., LG Tech Ventures, Khosla Ventures and Bosch Ventures are named as investors in this round.
- What does Li Industries do?
- Li Industries is an innovative and fast-growing climate tech company developing next-generation lithium-ion battery recycling technologies.
- Where is Li Industries based and how big is it?
- Li Industries is based in Blacksburg, Virginia, United States.
- Who are the decision-makers at Li Industries?
- Fundz holds 1 contact at Li Industries. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Renewable Energy and Manufacturing around the same time
Companies in the same sectors as Li Industries that raised within 45 days of this round, from Fundz verified event records.
- Aepnus Technology raised $8M (Seed) on June 14, 2024.
- Echion Technologies raised $38M (Series B) on June 13, 2024.
- UNIGRID Battery raised $12M (Series A) on June 13, 2024.
- Aptera Motors raised $134K (Seed) on June 6, 2024.
- Nova Carbon raised $1.5M (Seed) on June 4, 2024.
- Soluna Holdings raised $30M (Funding Round) on May 21, 2024.
Who to call at Li Industries, and when
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- An alert the day Li Industries raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Li Industries, from your own LinkedIn network
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