Lime’s scooter and e-bike batteries will be recycled by Redwood Materials

Shared micromobility company Lime has reached an agreement to send batteries used in its scooters and e-bikes to Redwood Materials, which will extract and recycle critical minerals such as lithium, cobalt, nickel, and copper. The agreement announced Monday makes Redwood Materials the exclusive battery recycling partner for Lime’s shared scooters and e-bikes located in cities throughout the United States, Germany and The Netherlands. The agreement doesn’t cover every region in which Lime operates, a list that includes cities throughout Europe, Asia, and Australia. Lime has had other recycling partnerships in the past, notably with Sprout via its downstream vendors. However, this is the first time the shared micromobility company has had a direct relationship with a battery recycler in North America that will directly process material for recovery and return it to the supply chain. Redwood Materials, the Carson City, Nevada-based startup founded by former Tesla CFO JB Straubel, will r ... Read full article.