Shared micro-driving company Lime has reached an agreement to send batteries used in its scooters and electronic motorcycles to mahogany material, which will extract and recycle critical minerals such as lithium, cobalt, nickel and copper.
The agreement announced on Monday Mahogany material Exclusive battery recycling partner for Lime shared scooters and electronic motorcycles in cities in the United States, Germany and the Netherlands. This agreement does not cover every area of lemon operateThis list includes cities throughout Europe, Asia and Australia.
Lime has had other recycling partnerships in the past, especially through its downstream suppliers with Sprotts. However, this is the first time a shared micro-enterprise company has a direct relationship with a battery recycler in North America, which will directly process the recovery material and return it to the supply chain.
Redwood Materials is a startup founded by former Tesla CFO JB Straubel in Carson, Nevada, and will recover the material from the battery once it can no longer be used. Once restored and recycled, the material will be reintroduced during the battery manufacturing process. This closed-loop manufacturing system, which can reduce the demand for mining and refining minerals, is at the heart of the Redwood Materials business model.
This work is also aligned with Lime’s own sustainability goals. Lime aims to decarbonize its business by 2030. The company reduced range 1, 2 and 3 emissions by 59.5% over five years from the 2019 base year. Lime plans to report its 2024 carbon emissions in May.
“This collaboration marks a significant progress in establishing a more circular supply chain, helping to ensure that our batteries can be recycled responsibly once they reach the end of their lives and can also return their materials to the battery supply chain,” Lime’s Andrew Savage said in a statement.
Lime has also established partnerships with Gomi in the UK and Voltr in France and other European countries to collect these viable battery batteries for “second life” applications, including for consumer electronics such as portable speakers and battery packs, and other uses.
Mahogany material Agreement with other micro-companiesincluding Lyft, Rad Power bikes, and specializes in recycling their bike and scooter batteries. Redwood raises more than $2 billion in private funding, announced earlier this month Opened a R&D center In San Francisco.
