October 7, 2021
Battery recycling firm Li-Cycle nets $100 million investment from Koch Industries subsidiary
Lithium-ion battery recycling firm Li-Cycle announced a $100 million investment from Koch Investments Group, an investment partner subsidiary of fossil fuel giant Koch Industries.
The investment, made through a convertible note, will support Toronto-based Li-Cycle’s expansion in North America, Europe and Asia. The investment could also include opportunities to partner on engineering and construction services, optimized process design and new commercial facilities.
