The joint Micromobility Company has reached an agreement to send batteries used in motorcycles and electronic bicycles to Redwood materials, which will extract and recycle critical metals such as lithium, cobalt, nickel and copper.
The agreement announced on Monday Redwood materials The exclusive partner for recycling batteries for motorcycles and electronic cycles shared in Lyme is located in cities throughout the United States, Germany and the Netherlands. The agreement does not cover every region in which lime is WorkList that includes cities throughout Europe, Asia and Australia.
Lyme was other partnerships for recycling in the past, especially with SPROUT through the river course sellers. However, this is the first time that the joint Micromobility has enjoyed a direct relationship with the battery recycling in North America that will process the materials directly to recover and return them to the supply chain.
Redwood Materials, Carson, is emerging in Nevada, which was founded by Tesla Cfo JB Straubel, will recover materials from batteries as soon as they are not used. Once they are recovered and recycled, the materials will be reinforced in 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 material model.
The effort is also in line with the sustainability of lemon. Lime has the goal of removing carbon by 2030. The company has made progress in reducing the 1, 2 and 3 emissions of 59.5 % in five years of the 2019 basis. LIME plans to report the results of carbon emissions of 2024 in May.
“This cooperation represents great progress towards creating a more general supply chain, and helping to ensure recycling of our batteries only once they reach the end of their lives, but their materials are returned to the battery supply chain,” Andrew Savage, Vice President of Sustainability in Lyme said in a statement.
LIME also has partnerships with Gomi in the UK, Voltarat in France and other European countries to harvest viable battery cells for “second life” applications, including consumer electronics, such as portable loudspeakers and battery packages, among other uses.
Redwood materials have Other agreements with other Micromobility companiesIncluding Lyft and Rad Power Bikes, and specialized for recycling electronic bike batteries and motorcycles. Redwood, which raised more than two billion dollars in private money, was announced earlier this month The Research and Development Center opened In San Francisco.
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