Lime Partners with Redwood Materials for Circular Battery Recycling

Lime has entered into an exclusive agreement with Redwood Materials, a leader in sustainable battery recycling and circular materials recovery, to develop a circular battery recycling program across all Lime operations in the US, Germany, and the Netherlands.  Redwood Materials is the largest battery recycler in North America.

The company is creating a circular supply chain to drive down the environmental footprint and cost of lithium-ion batteries for electric vehicles and energy storage systems.

It specialises in recovering critical battery materials such as lithium, cobalt, nickel, and copper with impressive efficiency, reclaiming more than 95% of these valuable materials.

These recovered resources are then reintroduced into the battery manufacturing process, creating a more circular supply chain.

Andrew Savage, VP for Sustainability at Lime, says: "Through this new agreement with Redwood Materials, Lime will further its industry leadership in sustainable practices, adding greater circularity into the battery recycling and manufacturing processes. This collaboration marks significant progress towards establishing a more circular supply chain, helping ensure our batteries are not only responsibly recycled once they reach their end of life, but that their materials are returned back into the battery supply chain."

Lime aims to be net zero by 2030.