Jaguar Land Rover’s venture capital and mobility arm, InMotion Ventures, has invested in Battery Resourcers, a lithium ion battery recycling and materials company.
The sustainable technology firm holds the exclusive licence for an innovative closed-loop process that integrates battery recycling, refining and materials engineering to convert scrap end-of-life batteries into new materials that can be used to make new batteries.
The investment in Battery Resourcers plays part of the plan for Jaguar Land Rover to establish sustainable solutions for end-of-life batteries, minimising waste and creating a circular economy across the battery supply chain.
Battery Resourcers’ innovative technology 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, which will enable it to return both the cathode and anode active materials back to manufacturers of new batteries.
The investment from InMotion Ventures and other strategic partners will fund the development of a commercial-scale processing facility, with the capability to process 10,000 tonnes of batteries annually, along with the expansion and enhancement of the production and analysis facilities in Michigan, USA.