INNOVATION

Motor giant invests in battery As part recycling and manufacturing of its commitment to achieve net zero technology carbon emissions across its supply chain, products and operations by 2039, Jaguar Land Rover’s venture capital and mobility arm has invested in a lithium-ion battery recycling company, Battery Resourcers turns experiences and positive societal impact – with the spent batteries and production scrap aim of achieving net zero carbon emissions across and materials directly into new, battery-ready cathode its supply chain, products and operations by 2039. company. active material with significant reductions in This investment showcases the company’s vision cost, emissions and energy consumption. to establish new benchmark standards in efficient Founded in 2015, the company makes EV-grade, scale and quality by accelerating investments in finished cathode active materials that perform as circular economy supply chains. well as industry-leading brands. Sebastian Peck, managing director of InMotion attery Resourcers, a The innovative technology will recycle and Ventures, says the company is very excited about

Bsustainable technology firm, produce cathode active materials such as nickel the company’s investment in Battery Resourcers. holds the exclusive licence manganese cobalt oxide (NMC), nickel cobalt “Battery Resourcers is part of the plan for the for an innovative closed-loop aluminium (NCA) and lithium iron phosphate (LFP) business to meet its obligation for end-of-life process that integrates battery batteries. The business has also filed intellectual batteries, minimising energy use and waste, recycling, refining and materials engineering property around graphite recovery and purification, achieving full circularity for its recycled battery to convert scrap end-of-life batteries into which will enable it to return both the cathode and materials, and securing future sustainable new materials that can be used to make anode active materials back to manufacturers of supplies of rare materials. We look forward to new batteries. new batteries. working with the Battery Resourcers team.”

The investment in Battery Resourcers plays part The investment from InMotion Ventures and According to chief executive Mike O’Kronley, of the plan for Jaguar Land Rover to establish other strategic partners will fund the development Battery Resourcers is on the verge of sustainable solutions for end-of-life batteries, of a commercial-scale processing facility, with the revolutionising the lithium-ion battery supply chain. minimising waste and creating a circular economy capability to process 10 000 t of batteries annually, “Being able to convert scrap and end-of-life across the battery supply chain. along with the expansion and enhancement of the battery materials into new active material that production and analysis facilities in Michigan, USA. can be directly used in making new batteries Innovative technology drives increased profitability and stability for the Based in Massachusetts, USA, Battery Resourcers Supporting a sustainable future lithium-ion battery ecosystem. Our investment operates the world’s most efficient lithium-ion The announcement comes as Jaguar Land Rover partners share our vision and passion to scale battery recycling process. A vertically integrated defines its future strategy: a sustainability-rich this revolutionary process to support the battery recycling, refining and materials engineering reimagination of modern luxury, unique customer material supply chain,” O’Kronley concludes.