Shared micromobility corporate Lime has reached an settlement to ship batteries utilized in its scooters and e-bikes to Redwood Fabrics, which is able to extract and recycle important minerals similar to lithium, cobalt, nickel, and copper.
The settlement introduced Monday makes Redwood Fabrics the unique battery recycling spouse for Lime’s shared scooters and e-bikes situated in towns during america, Germany and The Netherlands. The settlement doesn’t quilt each and every area by which Lime operates, a listing that incorporates towns during Europe, Asia, and Australia.
Lime has had different recycling partnerships previously, significantly with Sprout by the use of its downstream distributors. Alternatively, that is the primary time the shared micromobility corporate has had an instantaneous courting with a battery recycler in North The usa that can immediately procedure subject material for restoration and go back it to the provision chain.
Redwood Fabrics, the Carson Town, Nevada-based startup based by means of former Tesla CFO JB Straubel, will get better fabrics from the batteries as soon as they are able to now not be used. As soon as recovered and recycled, the fabrics can be reintroduced within the battery production procedure. This closed-loop production device — which will cut back call for for mining and refining minerals — is on the center of Redwood Fabrics trade type.
The trouble additionally aligns with Lime’s personal sustainability targets. Lime has a purpose to decarbonize its trade by means of 2030. The corporate has made development in lowering Scope 1, 2, and three emissions by means of 59.5% in 5 years from its 2019 baseline years. Lime plans to record its 2024 Carbon Emissions ends up in Might.
“This collaboration marks important development against organising a extra round provide chain, serving to be certain our batteries aren’t simplest responsibly recycled when they succeed in their finish of existence, however that their fabrics are returned into the battery provide chain,” Andrew Savage, VP for Sustainability at Lime stated in a remark.
Lime additionally has partnerships with Gomi in the United Kingdom and VoltR in France and different Eu international locations to reap those viable battery cells for “2nd existence” programs, together with for client electronics, similar to transportable audio system and battery packs, amongst different makes use of.
Redwood Fabrics has agreements with different micromobility corporations, together with Lyft, Rad Energy Motorcycles, and Specialised to recycle their e-bike and scooter batteries. Redwood, which has raised greater than $2 billion in non-public finances, introduced previous this month it has opened an R&D middle in San Francisco.
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