Investible has led an $8 million Seed round investment in Renewable Metals, an Australian company revolutionizing lithium battery recycling technology to meet the rising demand for sustainable waste management solutions.

Information on the Target

Renewable Metals is an Australian company focused on becoming a global leader in lithium battery recycling technology. Their mission is to provide a sustainable solution for battery waste management by maximizing material recovery while minimizing environmental impact. The company has developed innovative recycling methods that achieve a recovery rate of over 95% for lithium and significantly lower operational costs compared to existing recycling processes.

Under the leadership of CEO Luan Atkinson and CTO Mark Urbani, Renewable Metals boasts a skilled team of metallurgists with experience transitioning concepts into industrial operations. Their technology is capable of recycling all major lithium-ion battery chemistries, providing a comprehensive approach to battery waste management.

Industry Overview in Australia

The demand for lithium-ion batteries has surged in recent years, driven by advancements in electric vehicles and energy storage solutions. According to the U.S. Department of Energy, a ten-fold