Li Industries is a company.
Li Industries has raised $49.0M across 2 funding rounds.
Key people at Li Industries.
Li Industries has raised $49.0M in total across 2 funding rounds.
Li Industries is a climate tech company developing next-generation lithium-ion battery recycling technologies, including Smart Battery Sorting and Direct Electrode-to-Electrode (Direct E2E™) recycling, to enable automation, cost savings, and sustainability in the battery supply chain.[1][2][3][4] It serves lithium-ion battery manufacturers, cathode producers, recyclers, collectors, and partners like General Motors, solving the problem of inefficient, manual recycling processes by producing low-cost, high-purity battery materials—particularly lithium iron phosphate (LFP) cathode active material (CAM)—to support a circular economy for electric vehicles (EVs) and energy storage.[1][3][4] The company has raised $49M in total funding, including a $36M Series B in May 2024 led by Bosch Ventures, Khosla Ventures, and LG Tech Ventures, and was selected for a $55M U.S. Department of Energy award in September 2024 to build a 10,000 tonne per annum LFP CAM recycling and manufacturing plant, signaling strong growth momentum.[3][4]
Founded in 2017 and headquartered in Pineville, North Carolina, Li Industries emerged to address inefficiencies in lithium-ion battery recycling amid rising demand from EVs and consumer electronics.[3][4] The company's idea stemmed from developing scalable, patented direct recycling processes that recover high-purity materials faster, cheaper, and cleaner than traditional methods, automating manual processes in the supply chain.[2][4] Early traction included patent-protected technologies for battery materials production, leading to pivotal milestones like the Series B funding in 2024 and the DOE award, which supports a facility producing 5 GWh of LFP CAM annually with GM's backing.[3][4]
Li Industries rides the explosive growth of EV adoption and energy storage, where lithium-ion battery demand is projected to surge, but recycling lags—making efficient, circular supply chains essential for resource security and net-zero goals.[1][4] Timing is ideal amid U.S. policy pushes like the Bipartisan Infrastructure Law, which funded their $55M award to bolster domestic competitiveness against China-dominated refining.[4] Market forces favoring them include plummeting battery costs, LFP's rising popularity for its safety and affordability, and automaker commitments to sustainability (e.g., GM partnership).[3][4] By standardizing efficient recycling, Li Industries influences the ecosystem, enabling lower-cost batteries, reduced mining dependency, and scalable closed-loop systems critical for the global energy transition.[1][2]
Li Industries is poised to scale its Pineville facility to 10,000 tonnes/year, potentially capturing a slice of the multibillion-dollar battery recycling market as EV production hits new highs.[4] Trends like LFP dominance in cost-sensitive applications and stricter recycling mandates will accelerate adoption of their tech, with the DOE plant yielding 5 GWh CAM annually to fuel U.S. manufacturing.[4] Influence may evolve through expanded partnerships and tech licensing, solidifying their role in sustainable supply chains—transforming battery waste into a strategic asset, much like they envision: recycling as the industry standard.[1]
Key people at Li Industries.
Li Industries has raised $49.0M in total across 2 funding rounds.
Li Industries's investors include Khosla Ventures.
Li Industries has raised $49.0M across 2 funding rounds. Most recently, it raised $42.0M Series B in May 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2024 | $42.0M Series B | Khosla Ventures | |
| Jul 1, 2022 | $7.0M Series A | Khosla Ventures |
