# Li-Cycle Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/li-cycle-holdings

- Industry: Energy Storage & Batteries
- Headquarters: Toronto, Canada
- Website: www.li-cycle.com
- Latest round: Series C (Nov 18, 2020)
- Investors on record: 1

## About

Based in Ontario, Canada, and founded in 2016 by Ajay Kochhar and Tim Johnston, Li-Cycle Holdings Corp. operates as a lithium-ion battery recycling technology developer. The company has received grant funding in October 2018 from Sustainable Development Technology Canada and venture financing from Moore Strategic Ventures in November 2020. In September 2021, Li-Cycle Holdings Corp. raised USD 100 million in venture debt funding led by Koch Strategic Platforms. The company trades in New York Stock Exchange under the ticker symbol LICY. Li-Cycle Holdings Corp.'s development team offers Lithium-ion battery recycling solutions using automated equipment to process materials into rechargeable batteries for enterprises within the automotive, industrial, residential, and consumer electronics sectors. The company's battery services include the recycling, packaging, and transportation of products. In addition, the company offers anode and cathode battery materials, including cobalt, nickel, lithium, graphite, aluminum, and copper, as well as aluminum and copper metals. It also provides manganese carbonate, nickel sulfate, cobalt sulfate, and lithium carbonate. The company generates revenue by partnering with a network of logistics companies to provide customers with battery recycling services. The company plans to use its proceeds from September 2021 funding to further expand and accelerate the growth of its lithium-ion battery recycling footprint in North America and globally.

## Funding rounds

- Series C, Nov 18, 2020 — Moore Strategic Ventures

## Investors

- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series C