# Li Industries

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

- Industry: Environmental Services
- Headquarters: Blacksburg, US
- Website: www.li-ind.com
- Total disclosed funding: $45M
- Latest round: Series B (May 8, 2024)
- Investors on record: 8

## About

Founded in 2017, and based in Virginia, US, Li Industries, Inc. operates as a battery recycling company that offers solutions including smart battery sorting and direct lithium-ion battery (LIB) recycling. The company is co-founded by Dr. Zheng Li, who's also the CEO and primary inventor of the recycling process of the company. In May 2024, Li Industries, Inc. raised USD 36 million in series B funding co-led by new investors Robert Bosch Venture Capital, LG Technology Ventures, and returning investor Khosla Ventures, with participation from other new investors Formosa Capital, Anglo American, and Chevron Technology Ventures. Returning investors Myriad Venture Partners and Shell Ventures also participated in the round. The company operates as a tech firm focusing on developing recycling technology for lithium-ion batteries. The lithium-ion battery is most common in electric vehicles and consumer electronics applications. The core tech from the company is a process of automated battery sorting by chemistry type and novel direct recycling that recovers battery electrode materials suitable for direct reuse by battery manufacturers.

## Funding rounds

- Series B, May 8, 2024, $36M — Anglo American, Chevron Technology Ventures, Khosla Ventures, Robert Bosch Venture Capital, Shell Ventures, Formosa Capital, LG Technology Ventures, Myriad Venture Partners
- Series A, Apr 20, 2022, $8.8M — Khosla Ventures, Shell Ventures, Myriad Venture Partners

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series A, Series B
- Myriad Venture Partners (https://capitalatlas.ai/funds/myriad-venture-partners) — Series A, Series B
- Anglo American — Series B
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series B
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series B
- Formosa Capital (https://capitalatlas.ai/funds/formosa-capital) — Series B
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series B