Jaguar Land Rover has invested in Battery Resourcers, a lithium-ion battery recycling and materials company.
According to Motorpress, the technology holds an exclusive license for battery recycling, refining and materials engineering to convert scrap to end-of-life batteries into new materials that can be used to make new batteries.
The investment plays a part of the plan for Jaguar Land Rover’s for end of life batteries, minimising waste and creating a circular economy across the battery supply chain. The announcement came as Jaguar Land Rover defined its future strategy.
The manufacturer reimagines modern luxury, unique customer experiences and positive societal impact, with aim of achieving net-zero carbon emissions across its supply chain, products and operations by 2039.
Mike O’Kronley, Chief Executive of Battery Resourcers, said: “Battery Resourcers is on the verge of revolutionizing the lithium-ion battery supply chain. Being able to convert scrap and end-of-life battery materials into new active material that can be directly used in making new batteries drives increased profitability and stability for the lithium-ion battery ecosystem. Our investment partners share our vision and passion to scale this revolutionary process to support the battery material supply chain.”
Sebastian Peck, Managing Director of InMotion Ventures, said: “I am excited about our investment in Battery Resourcers. The company’s proprietary end-to-end recycling process supports Jaguar Land Rover’s journey to becoming a net-zero carbon business by 2039. Battery Resourcers is part of the plan for the business to meet its obligation for end-of-life batteries, minimising energy use and waste, achieving full circularity for its recycled battery materials, and securing future sustainable supplies of rare materials. We look forward to working with the Battery Resourcers team and supporting the international expansion of the business.”
The Battery Resourcers company will recycle and produce cathode active materials such as Nickel Manganese Cobalt Oxide (NMC), Nickel Cobalt Aluminum (NCA) and Lithium Iron Phosphate (LFP) batteries.
The business has also filed intellectual property around graphite recovery and purification, enabling it to return both the cathode and anode active materials back to manufacturers of new batteries.
The investment from InMotion Ventures and other partners will fund the development. The main aim is to process 10 000 tonnes of batteries annually, with an expansion and enhancement of the production and analysis facilities in Michigan, USA.