Company profile: Li-Cycle
1.1 - Company Overview
Company description
- Provider of clean technology for recycling end-of-life lithium-ion batteries via patented Spoke & Hub Technologies that recover 80–100% of materials. Generation 3 Spokes mechanically process entire EV battery packs without disassembly or discharge, producing black mass and mixed copper/aluminum; Hubs refine black mass into battery-grade lithium carbonate and other critical materials.
Products and services
- Spoke & Hub Technologies: Closed-loop system that recycles end-of-life lithium-ion batteries, safely recovering 80–100% of materials for reuse in new batteries via an environmentally friendly, economically viable process
- Battery-grade lithium carbonate production: Hubs process black mass to produce battery-grade lithium carbonate and other critical materials for lithium-ion battery production
- Battery materials (black mass) production: Industrial-scale Spokes generate black mass containing lithium, nickel, cobalt, and other materials recovered from recycled lithium-ion batteries
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Li-Cycle
Black Bear Carbon
HQ: The Netherlands
Website
- Description: Provider of sustainable materials from upcycling end-of-life tires: recovered carbon black for tires, technical rubber goods, plastics, inks, and coatings; tyre pyrolytic oil for energy generation or chemical processes; tyre pyrolytic gas used internally to fuel production; and carbon black grades NEPtune 50/70 for coatings and inks, and BBC TR30/TR30S for technical rubber goods.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Recy Systems
HQ: United Kingdom
Website
- Description: Provider of software for the recycling and waste management business, offering standard and customized solutions for materials including steel scrap, non-ferrous metals, paper, wood, glass, plastic and textiles, serving over 600 customers across Europe, Asia, Africa and North America.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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TerraLink
HQ: United States
Website
- Description: Provider of software products and ASP Web solutions for companies that generate, handle, ship, and store hazardous materials; Terralink Data eXchange management tools ensure regulatory compliance, minimize liability risk, and streamline paperwork.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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Tomra
HQ: Norway
Website
- Description: Provider of sensor-based solutions for optimal resource productivity, helping customers improve financial results and reduce environmental impact. Offerings include collection and reverse vending for beverage containers, food sorting and processing, waste and metal recycling, mining solutions, the TOMRA Insight data platform, and AUTOSORT PULSE for alloy scrap to produce green aluminum.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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- Acquisitions: ●●
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Polykar
HQ: Canada
Website
- Description: Provider of polyethylene film, recycled garbage bags, packaging, and food-approved bags in the manufacturing industry.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Polykar company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Li-Cycle
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Li-Cycle
2.2 - Growth funds investing in similar companies to Li-Cycle
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4 - Top valuation comps for Li-Cycle
4.2 - Public trading comparable groups for Li-Cycle
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