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Lithion Technologies
Developed an efficient and cost-effective process for recycling lithium-ion batteries, the most widely used batteries for electrical vehicles and portable electronics today
About Lithion Technologies
Lithion Recycling is a green-tech startup that specializes in the sustainable production of strategic materials from lithium-ion batteries. The company operates in the rapidly growing market of electric vehicles and portable electronics, both of which heavily rely on these batteries. As the world shifts towards electrification to combat climate change, the number of lithium-ion batteries in circulation is skyrocketing, creating a new environmental challenge at the end of their lifecycle.
Lithion Recycling addresses this issue by closing the battery lifecycle loop. Their innovative technology allows for the recovery of up to 95% of the battery components, including nickel, cobalt, lithium, and graphite, which can then be reused to manufacture new batteries. This not only reduces the pressure on natural resources but also significantly decreases the ecological debt of lithium-ion batteries and electric vehicles.
The company's business model is centered around providing a sustainable, affordable, and local solution for recycling lithium-ion batteries. They aim to deploy their technology in every major city worldwide, creating a circular economy for battery materials. This approach not only serves the needs of electric vehicle manufacturers and electronics producers but also contributes to the broader societal goal of a sustainable energy transition.
In terms of revenue generation, Lithion Recycling makes money by selling the recovered materials back to battery manufacturers, thus providing a secondary source of these strategic materials.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Montreal, Canada
- Employees
- 22
- Open positions
- None listed
- Dealroom signal
- 27.1/100
- Industry
- Energy, Transportation
- Sub-industry
- Energy Storage, Vehicle Production
- Sector
- Transportation, Sustainable Development Goals, EV Battery Recycling, EV Battery, Climate Tech, Electric Mobility, Circular Economy, Hard Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | Sep 2022 | — | — | GM Ventures | ↗ |
| SERIES AOther financing | Jan 2022 | $92M | $367M | Fondaction · IMM Investment | — |
Growth signals
Latest recorded traffic for Lithion Technologies is 2K monthly website visits, down 47.4% over the last three months. Lithion Technologies's team declined 43.6% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Sustainable Development Technology Canada
Series A3 investors entered at this stage
IMM Investment
Fondaction
GM Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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