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Li-Cycle and Helbiz Partner to Advance Battery Recycling

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Li-Cycle and Helbiz Associate to Advance Battery Recycling

TORONTO, Ontario and NEW YORK, New York  – Li-Cycle Corp. (“Li-Cycle” or “the Firm”), an business chief in lithium-ion battery useful resource restoration and the main lithium-ion battery recycler in North America, and Helbiz, a worldwide chief in micro-mobility, right this moment introduced a partnership to create a secure and sustainable recycling answer for end-of-life lithium-ion batteries utilized in e-scooters and e-bikes.

As the worldwide shift towards electrification continues to speed up, the recognition of micro-mobility is following swimsuit, with the worldwide market anticipated to develop to $150 billion by 2025, in accordance with Market Analysis Future. Helbiz, a outstanding participant within the micro-mobility business, has got down to develop the infrastructure to create greener cities with much less congestion, noise, and air pollution whereas presenting riders with a quicker and extra reasonably priced technique to attain their locations by way of its fleets of e-scooters and e-bikes. Li-Cycle intends to make the most of its Spoke & Hub Applied sciences™ to effectively, safely, and sustainably get better the end-of-life batteries from Helbiz’s fleets and return the precious supplies contained inside again into the provision chain.

“We imagine Li-Cycle and Helbiz are supreme companions as we’re two progressive firms working towards the identical imaginative and prescient for a sustainable electrical mobility sector,” stated Kunal Phalpher, Chief Industrial Officer of Li-Cycle. “This partnership represents a vital first step for our collaboration as we search to create a closed lithium-ion battery recycling loop on a worldwide scale. Collectively, we intend to get better worthwhile supplies from previous scooters and e-bikes to be reused in new ones in cities all over the world by way of a very sustainable, fit-for-purpose pathway.”

Each Li-Cycle and Helbiz have beforehand introduced plans to develop into publicly traded firms in the US by way of enterprise combos with particular goal acquisition firms (SPACs) and have plans to increase operations in Europe. Within the coming months, Li-Cycle expects to recycle 500 lithium-ion batteries from Helbiz e-bikes and e-scooters, with quantity set to extend heading into 2022 as Li-Cycle helps Helbiz’s operations in the US and overseas.

“We’re proud to companion with Li-Cycle and look ahead to working carefully with their group to develop and implement a secure and sustainable recycling answer for the batteries utilized in our e-scooters and e-bikes,” stated Ruggero Cipriani Foresio, Chief Advertising and marketing Officer of Helbiz. “This collaboration additional helps our dedication to worldwide sustainability and our dedication to guide every metropolis we function in in direction of a greener future.”

Li-Cycle is aiming to assist Helbiz’s internet zero emission goal by 2022 whereas concurrently facilitating Helbiz’s means to attain a 100% recycling goal, with a view to advancing sustainability efforts within the micro-mobility sector and additional minimizing the environmental footprint of shared scooters and e-bikes.

On February 16, 2021, Li-Cycle introduced its entry right into a definitive enterprise mixture settlement with Peridot Acquisition Corp. (NYSE: PDAC) (“Peridot”). Upon the closing of the enterprise mixture (the “Enterprise Mixture”), which is anticipated within the third quarter of 2021, the mixed firm shall be named Li-Cycle Holdings Corp. (“Newco”).

About Li-Cycle
Li-Cycle is on a mission to leverage its progressive Spoke & Hub Applied sciences™ to supply a customer-centric, end-of-life answer for lithium-ion batteries, whereas making a secondary provide of vital battery supplies. Lithium-ion rechargeable batteries are more and more powering our world in automotive, power storage, client electronics, and different industrial and family purposes. The world wants improved know-how and provide chain improvements to raised handle battery manufacturing waste and end-of-life batteries and to satisfy the quickly rising demand for vital and scarce battery-grade uncooked supplies via a closed-loop answer. For extra info, go to https://li-cycle.com/.

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