SG-based cleantech startup clinches funding from PETRONAS Ventures’ investment arm
The investment will help scale the manufacturing of Green Li-ion’s recycling units.
Green Li-ion, a Singapore-based lithium-ion battery recycling technology startup, secured an investment from Twin Towers Ventures (TTV), the investment arm of PETRONAS Ventures.
The strategic partnership marks TTV’s first investment in lithium battery recycling technology.
The undisclosed amount invested through the partnership will help scale the manufacturing of Green Li-ion’s recycling units, containing their patented multi-cathode processor gas-liquid membrane contactor (GLMC) technology.
Green Li-ion will begin production of its recycling units by 4Q23 at a plant in Oklahoma.
The SG-based cleantech startup makes modular battery recycling units that manufacturers and recyclers can integrate into existing on-site processes. Once installed, the units can process four to six metric tons of end-of-life batteries per day or up to 20 EV batteries or 70,000 iPhone batteries to instantly produce precursor cathode active material (pCAM) at battery grade.