In a major boost to the green energy revolution, Rawr, Inc. has raised $20.5M to scale its innovative lithium-ion recycling technology. This technology offers an efficient way to reuse lithium-ion batteries, aligning perfectly with the goal of a more sustainable future.
Rawr is a lithium-ion battery recycling company based in California. The company is dedicated to changing the way the world recycles this kind of battery which is used in virtually all modern digital devices, from electric vehicles to cell phones. In an effort to ensure more efficient use of resources, Rawr has focused on creating a system that can economically reclaim valuable metals from expired batteries and re-use them for new products.
The $20.5M Series A funding was secured from a number of international investors including Resource Capital, Antler, and the UK Angel Co-Investment Fund. This investment will enable the company to scale its operations and expand its global footprint. The funds will also aid Rawr in increasing its workforce and developing new technologies.
Rawr’s patented recycling technology is a chemical-free approach to recovering the metals and substances contained within lithium-ion batteries. The patent-pending technology relies on eco-friendly and cost-efficient processes to reclaim these valuable resources. This increases the lifespan of these important materials and produces energy-dense components like anode and cathode materials, which are essential for the manufacture of new lithium-ion batteries.
The scalability of this process has the potential to reduce the world’s reliance on environmentally destructive mining processes. Additionally, it is an economical solution for manufacturers looking to use recyclable materials in their products.
Rawr’s success is a clear indication of the appetite for continued innovation in sustainability, and foreshadows what could be a vast impact on the industry. As the green energy revolution continues to take hold, this fresh injection of capital could prove to be the catalyst that propels eco-friendly technologies into the wider echelons of commercial enterprise.
Hey Subscribe to our newsletter for more articles like this directly to your email.