Green Li-ion secures USD$20.5 million in Pre-Series B funding to scale lithium-ion battery recycling operations globally Revolutionary technology “a game-changer for a greener and better future”  

‍Singapore: Green Li-ion, a revolutionary lithium-ion battery recycling technology company based in the USA, Europe, Australia, and Singapore, announces today that it has raised USD$20.5 million in pre-series B funding led by Singapore-based decarbonization venture capital firm TRIREC, joined by Thailand’s Smart Energy Solutions provider Banpu NEXT, and Equinor Ventures the corporate venture capital arm of the Norwegian energy company Equinor, among other investors(Appendix 1).

Green Li-ion Raises USD$20.5M in Pre-Series B Funding
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Green Li-ion, a Singapore-based lithium-ion battery recycling technology company, raised USD$20M in Pre-Series B funding.The round was led by TRIREC, Banpu NEXT and Equinor Ventures. Other investors in the round include EDP, Envisioning Partners, ER-V, SOSV, TES, LINICO, EF, DPI Energy Ventures, the Decarbonisation Consortium, ISDonseo, MBEP, and GS.

Green Li-ion Secures $20.5M in Pre-Series B Funding
‍
Green Li-ion, a revolutionary lithium-ion battery recycling technology company based in the USA, Europe, Australia, and Singapore, announced that it has raised USD$20.5 million in Pre-Series B funding led by Singapore-based decarbonization venture capital firm TRIREC, and joined by Thailand's Smart Energy Solutions provider Banpu NEXT and Equinor Ventures, the corporate venture capital arm of the Norwegian energy company Equinor, among other investors.

Rawr? Green Li-ion recharges with $20.5M to scale its recycling tech
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Green Li-ion says its battery recycling machines are the “size of a small house,” so it’s no wonder the Singapore-based startup needed to top up on funds. It’d only raised about $15 million ahead of its latest cash infusion.This week, Green Li-ion announced a $20.5 million “pre-Series B” round led by climate-tech investor TRIREC. The startup said other investors, including SOSV and Equinor Ventures (the VC arm of the Norway-owned fossil fuel giant), also chipped in.

Rawr? Green Li-ion recharges with $20.5M to scale its recycling tech
‍
This week, Green Li-ion announced a $20.5 million “pre-Series B” round led by climate-tech investor TRIREC. The startup said other investors, including SOSV and Equinor Ventures (the VC arm of the Norway-owned fossil fuel giant), also chipped in.The deal boosts Green Li-ion’s post-money valuation to $187 million after just three years, chief executive Leon Farrant told TechCrunch. The startup’s logo is (you guessed it!) a green lion.

Battery Recycling Startup Green Li-Ion Secures US$20.5M Pre-Series B Funding
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Green Li-ion, a lithium-ion battery recycling technology company based in Singapore, has raised US$20.5 million in pre-Series B funding.
Green Li-ion has developed a novel technology that processes 100 per cent of all used lithium batteries.
It recycles and reuses all metals to directly re-manufacture battery-grade cathode material ready for reuse in new batteries.

Green Li-ion secures USD$20.5 million in Pre-Series B funding to scale lithium-ion battery recycling technology globally
‍
Green Li-ion, a revolutionary lithium-ion battery recycling technology company based in the USA, Europe, Australia, and Singapore, announced that it has raised USD$20.5 million in Pre-Series B funding led by Singapore-based decarbonization venture capital firm TRIREC, and joined by Thailand's Smart Energy Solutions provider Banpu NEXT and Equinor Ventures, the corporate venture capital arm of the Norwegian energy company Equinor, among other investors.

Rawr? Green Li-ion recharges with $20.5M to scale its recycling tech
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The new cash will help the startup scale production of its recycling tech, which the firm says can process “100% of all used lithium batteries” and pop out precursor cathode active material that’ll eventually go into fresh lithium-ion batteries.Lithium is in high demand and mining the metal wreaks havoc on the environment, making recycling tech a crucial tool in lowering the footprint of things like electric cars and storage for renewable energy.

Rawr? Green Li-ion recharges with $20.5M to scale its recycling tech
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As for that “pre-Series B,” Leo Farrant (CEO) said the startup has split its Series B into two parts, which encompasses the raise announced this week and another in about nine months. “Due to our relatively low levels of fund raising to date,” the founder added, the startup “needed to draw a line in the sand and establish a valuation increase for the larger portion of the raise.”