# Li-Cycle

**Source:** https://www.startuphub.ai/startups/li-cycle
**Profile type:** Startup

> Li-Cycle is a lithium-ion battery resource recovery company that recycles batteries to create a closed-loop supply chain.

## About

Li-Cycle aimed to recover critical battery-grade materials from end-of-life lithium-ion batteries and manufacturing scrap to create a domestic, closed-loop battery supply chain. The company developed proprietary 'Spoke & Hub Technologies' for this purpose. However, Li-Cycle faced significant financial challenges, leading to bankruptcy proceedings and the eventual sale of its assets.

## Key facts

- **Slug:** li-cycle
- **Website:** https://li-cycle.com/
- **Location:** Toronto, Canada
- **Founded:** 2016-11-01
- **Operating status:** Inactive
- **Total funding:** $275M
- **Sectors / tags:** Battery Recycling, Resource Recovery, Circular Economy, Clean Energy, Electric Vehicles, Lithium-ion Batteries, Materials Science, Industrial Automation
- **Social:**
  - LinkedIn: http://www.linkedin.com/company/8518
  - Twitter: http://www.twitter.com/glencore
  - Facebook: http://www.facebook.com/glencore

## Frequently asked

### What does Li-Cycle do?

Li-Cycle aimed to recover critical battery-grade materials from end-of-life lithium-ion batteries and manufacturing scrap to create a domestic, closed-loop battery supply chain. The company developed proprietary 'Spoke & Hub Technologies' for this purpose. However, Li-Cycle faced significant financial challenges, leading to bankruptcy proceedings and the eventual sale of its assets.

### What is Li-Cycle's valuation?

StartupHub estimates Li-Cycle's effective valuation at $1.1B (range $687.5M to $1.6B, 12% confidence), based on comparable companies in the sector.

### How much funding has Li-Cycle raised?

Li-Cycle has raised a total of $275M in funding. The most recent round on record is Post IPO.

### Where is Li-Cycle headquartered?

Li-Cycle is headquartered in Toronto, Canada.

### When was Li-Cycle founded?

Li-Cycle was founded in 2016.

### What industry does Li-Cycle operate in?

Li-Cycle operates in Battery Recycling, Resource Recovery, Circular Economy, Clean Energy, Electric Vehicles, Lithium-ion Batteries.

### What is Li-Cycle's current status?

Li-Cycle's current operating status is: Inactive.

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