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Founded Year

2017

Stage

Series A - II | Alive

Total Raised

$119.95M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-65 points in the past 30 days

About Lithion Recycling

Lithion Recycling is a company focused on the sustainable production of strategic materials from lithium-ion batteries, operating in the recycling and energy sectors. The company's main service involves the recovery and reuse of up to 95% of the components of lithium-ion batteries, which are commonly used in electric vehicles and portable electronics. This service is aimed at reducing the environmental impact of these batteries and making the energy transition more sustainable. It was founded in 2017 and is based in Anjou, Quebec.

Headquarters Location

7100, Jean-Talon East Suite 410

Anjou, Quebec, H1M 3S3,

Canada

514 353-4008

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ESPs containing Lithion Recycling

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Energy Tech

The electric vehicle (EV) battery recycling market is focused on safely and responsibly recycling used lithium-ion batteries and manufacturing scrap, while also providing a sustainable source of critical battery materials. The market aims to close the loop for the lithium-ion supply chain by recovering critical battery elements from end-of-life batteries or scrap and using them to make new cathode…

Lithion Recycling named as Challenger among 15 other companies, including ExxonMobil, Contemporary Amperex Technology, and Umicore.

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Research containing Lithion Recycling

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Lithion Recycling in 1 CB Insights research brief, most recently on Mar 20, 2024.

Expert Collections containing Lithion Recycling

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Lithion Recycling is included in 1 Expert Collection, including Energy Storage.

E

Energy Storage

5,352 items

Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.

Latest Lithion Recycling News

Getting the most mileage out of your electric car’s battery: maximizing lifespan and range

Jan 2, 2024

If you’re ready to say goodbye to gas, you’ll want to understand how electric vehicle batteries work — not to mention important factors like how much they cost and how long they last 3 minute read Investing in a new vehicle requires due diligence to understand exactly what it is you are buying. In the case of an EV, sometimes that means a total re-education. Photo: Hyundai Canada Published on 02 January 2024 Author This article is Sponsor Content presented by Hyundai Canada Investing in a new vehicle requires due diligence to understand exactly what it is you are buying. In the case of an EV, sometimes that means a total re-education. The major difference between battery electric and combustion vehicles is just that: the battery. The battery’s purpose is to drive the power train, but it’s also a major piece of advanced technology. Hyundai invests heavily in battery technology and research. In 2024 Hyundai will begin manufacturing its own battery cells — enough to supply 150,000 vehicles annually. We are also investigating solid state technology to see how and when this battery type (more on those later) could play a role in our EV line up. How long will my EV’s battery last? Hyundai’s EV batteries are covered by an industry-leading warranty for five years or 100,000km. But the science says they will last much longer than that. While many things can impact the lifespan of a battery, the marketplace experience is that the longevity of a battery greatly outlasts the actual vehicle itself. Increasingly EV batteries are seeing second and third life applications by going into grid energy storage. And, on top of that, the technology is only getting better with increasing range and lifespan. Each automaker is pursuing their own battery strategy. But Hyundai is looking into solid state batteries as a promising future technology. We are actively exploring and testing these types of batteries to see if they bring more longevity (life and distance) and, if so, if they will have a place in our EVs one day. How do I take care of my battery? There is one very important thing to do for your EV’s battery health: battery pre-conditioning. What is pre-conditioning, you ask? It is the practice of giving your EV battery the chance to reach optimum performance temperature before driving it. So, in the winter it’s warming up and in a heatwave it’s cooling down. Preconditioning only takes about 10 minutes. And preconditioning your Hyundai Kona or Ioniq EVs is simple with Hyundai’s dedicated app. You can be in your office, grocery shopping or still having your morning coffee when you turn your vehicle’s preconditioning setting on. By the time you are ready to go, so is your vehicle. What happens if my battery needs to be replaced? Battery technology is very reliable and, with just 20 moving parts in an EV motor compared to over 2,000 in a combustion vehicle engine, the chance of anything going wrong is much lower. But, sometimes things happen. Don’t worry, the battery (or the battery cells) can be replaced if there is a problem. Should this rare issue occur Hyundai is confident that with a five year or 100,000km warranty just for the battery EV drivers will be protected. Can my battery be recycled? EV battery recycling is an exciting emerging area of the EV supply chain. There are many companies that recycle EV batteries and Hyundai is partnered with Quebec-based Lithion Recycling to make sure all of the Kona, Ioniq and future EV batteries Hyundai manufactures are properly dealt with when they have reached end of life. Lithion’s process means that up to 95 per cent of the components in an EV battery can be recovered, treated and fed back into the supply chain. This means the need to mine battery minerals in future will be lessened. What types of EV batteries can I choose from? The most common batteries powering EVs are lithium-ion. They come in different forms (packs or cylinders) and depending on the automaker contain different chemistries. But, whichever battery technology is the latest and greatest being used, Hyundai’s secret sauce is our electric Global Modular Platform (e-GMP). This is the EV platform architecture all Hyundai IONIQ family vehicles use since 2021. The platform leverages all the advantages of a battery power train to ensure not only does your vehicle give top of the line performance, but that your battery continues to meet and exceed your needs.

Lithion Recycling Frequently Asked Questions (FAQ)

  • When was Lithion Recycling founded?

    Lithion Recycling was founded in 2017.

  • Where is Lithion Recycling's headquarters?

    Lithion Recycling's headquarters is located at 7100, Jean-Talon East, Anjou.

  • What is Lithion Recycling's latest funding round?

    Lithion Recycling's latest funding round is Series A - II.

  • How much did Lithion Recycling raise?

    Lithion Recycling raised a total of $119.95M.

  • Who are the investors of Lithion Recycling?

    Investors of Lithion Recycling include GM Ventures, Investissement Quebec, Electrification and Climate Change Fund, Fondaction, IMM Investment and 3 more.

  • Who are Lithion Recycling's competitors?

    Competitors of Lithion Recycling include Ascend Elements and 4 more.

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Compare Lithion Recycling to Competitors

t
tozero

tozero focuses on lithium-ion battery recycling within the environmental services industry. The company offers a sustainable process to recover critical materials such as lithium, nickel, cobalt, manganese, and graphite from all types of lithium-ion batteries, reintroducing them into the supply chain. It primarily serves sectors like eMobility firms, electronic waste recyclers, battery manufacturers, and second-life battery firms. The company was founded in 2022 and is based in Munich, Germany.

Redwood Materials Logo
Redwood Materials

Redwood Materials specializes in creating a sustainable circular supply chain for lithium-ion batteries within the recycling and manufacturing industry. The company's main services include recycling used batteries, refining metals through hydrometallurgical processes, and remanufacturing anode and cathode components for new batteries. Redwood Materials primarily serves the battery manufacturing sector, providing domestically sourced materials to U.S. cell manufacturers. It was founded in 2017 and is based in Carson City, Nevada.

R
Redivivus

Redivivus specializes in lithium-ion battery recycling, focusing on logistics and material recovery in the recycling industry. The company offers services that include neutralizing battery hazards, cryogenic freezing, shredding, and safe transportation of battery materials for recycling. Redivivus targets the recycling challenges faced by various sectors, providing solutions to safely and efficiently handle end-of-life batteries. It was founded in 2020 and is based in Colorado Springs, Colorado.

Princeton NuEnergy Logo
Princeton NuEnergy

Princeton NuEnergy specializes in the recycling of lithium-ion batteries within the clean-technology industry. The company utilizes a process for rejuvenating cathode and anode materials from spent batteries, aiming to produce materials with a reduced environmental impact. Princeton NuEnergy's technology differs from traditional battery recycling methods. It was founded in 2019 and is based in Bordentown, New Jersey.

Green Li-Ion Logo
Green Li-Ion

Green Li-Ion is a lithium-ion battery recycling technology company focused on producing modular hardware solutions for the battery recycling sector. The company's main offerings include converting spent batteries into cathode and anode materials that are ready for integration into the manufacturing processes of various types of batteries. It was founded in 2020 and is based in Singapore, Singapore.

B
Battery Pollution Technologies

Battery Pollution Technologies specializes in creating a circular economy for the lithium-ion battery sector. The company offers services such as recycling of lithium-ion batteries, maximizing the recovery and reprocessing of critical battery minerals, and repurposing batteries for second-life applications. Battery Pollution Technologies primarily serves sectors that require battery recycling and repurposing, including the electric vehicle industry and energy storage solutions. Battery Pollution Technologies was formerly known as Battery Pollution. It was founded in 2021 and is based in Sydney, New South Wales.

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