Renewable Metals close $8m Seed round to scale groundbreaking battery recycling tech

Australian battery recycling startup Renewable Metals has closed an $8 million investment round to scale and commercialise its groundbreaking lithium-ion battery recycling technology, backed by Virescent Ventures and leading Asia Pacific and US-based investors. 

The Renewable Metals technology uses an alkaline leaching that eliminates the need to pre-process battery cells to ‘black mass’ as found in existing battery recycling processes.  The simpler extraction method developed by Renewable Metals uses less ​​chemicals to recover critical battery materials and produces less waste, reducing processing costs by up to 30 percent compared to competitors. ​​

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