Myriad Ventures invests $36 million in Li Industries, a leader in lithium-ion battery recycling, to capitalize on the growing demand for sustainable EV solutions amid increasing regulatory pressures.

Information on the Target

Li Industries is a leading innovator in the field of advanced lithium-ion battery (LIB) recycling technologies. Since its establishment in 2017, the company has focused on developing efficient recycling processes that convert all types of LIBs into high-purity commercial-grade materials. Their patented direct recycling technology offers a cost-effective and environmentally friendly solution for battery recycling, addressing the growing challenges in the electric vehicle (EV) industry.

As the demand for electric vehicles continues to rise, the need for sustainable battery recycling has become paramount. Li Industries is uniquely positioned to meet this demand, especially with their ability to recycle lithium iron phosphate (LFP) batteries at scale, a capability currently unmatched in the market. With nearly 40% of global EV battery production consisting of LFP batteries, the ability to recycle these batteries economically represents a significant market opportunity.

Industry Overview in the US

The electric vehicle sector in the United States is witnessing a transformative phase, driven by sustainability goals and regulatory frameworks aimed at reducing greenhouse gas emissions. Recent initiatives, such as the Environmental Protection Agency’s new emissions regula