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R3 Lithium raises $15M Series A to scale lithium carbonate production from recycled batteries at Georgia facility.
PRIVATESep 10, 2026•about 4 hours ago
Amount Raised
$15 Million
Round Type
Series A
GeorgiaManufacturingRenewable Energy
Description
R3 Lithium has raised $15 million in Series A funding to upgrade its lithium carbonate production facility in Covington, Georgia. The 154,000-square-foot plant recovers lithium from recycled battery materials at commercial scale, with capacity to process 30,000 metric tons of battery material annually. The facility can produce 2,500 metric tons of lithium carbonate per year from entirely recycled feedstock. R3 has secured approximately $1 billion in offtake agreements with customers including Trafigura.
Company Information
Company
R3 Lithium
Location
Georgia, United States
About
R3 Lithium produces lithium carbonate from 100% recycled battery materials at its facility in Covington, Georgia. The company operates a 154,000-square-foot plant designed to recover lithium at commercial scale from battery manufacturing scrap and end-of-life batteries. R3's facility can process up to 30,000 metric tons of battery material annually and currently produces 2,500 metric tons of lithium carbonate per year. The company has secured approximately $1 billion in offtake agreements with customers including major trading firms.
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GeorgiaManufacturingRenewable Energy