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Green Li-ion raised $20.5 million in a pre-series B funding round led by Trirec.
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Green Li-ion specializes in lithium-ion battery recycling.
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The company processes used lithium batteries to manufacture battery-grade cathode material for new batteries.
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The company is based in the US, Europe, Australia, and Singapore.
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Green Li-ion's multi-cathode tech was developed and prototyped in Singapore.
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Its units of battery processors are produced in the US.
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The machines can process four to six metric tons of end-of-life batteries per day.
The funding will help Green Li-ion scale its manufacturing to deliver 50 modular units per year.
Other investors in the latest round include EDP Ventures, SOSV, and Envisioning Partners.
Green Li-ion aims to support commercially viable lithium-ion battery re-manufacturing operations.
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