Lime’s Scooter and E-Bike batteries will be recycled by Redwood materials

The Shared Micromobility Company Lime has reached an agreement to send batteries used on scooters and electronic bikes to Redwood materials that will export and recycle critical minerals such as lithium, cobalt, nickel and copper.

The deal announced Monday makes Redwood materials the exclusive battery recycling partner for common scooters and Lime electronic bikes located in cities in all the United States, Germany and the Netherlands. The agreement does not cover any region in which lime worksA list that includes cities across Europe, Asia and Australia.

Lime had other recycling relations in the past, mainly with shoots through its downstream suppliers. However, this is the first time that the joint germicides company had a direct relationship with a battery recyclable in North America that will immediately process recovery material and return it to the supply chain.

Redwood Materials, the Nevada -based Carson City, founded by former Tesla CFO JB Straubel, will recover batteries as soon as they can no longer be used. Once recycled and recycled, the materials will reintroduce to the battery construction process. This closed loop production system-which can reduce the demand for mineral mining and refinement-is at the center of the Redwood business model.

The effort is also aligned with Lime’s viability goals. Lime aims to exclude its activities by 2030. Lime plans to report 2024 carbon emissions which results in May.

“This collaboration marks significant progress in the direction of creating a more circular supply chain, helping to ensure that our batteries are not recycled responsibly once they reach the end of their lives, but that their materials are returned to the battery supply chain,” Andrew Savage said.

Lime also has partnerships with Gomi in the United Kingdom and Voltr in France and other European countries to harvest these viable batteries for “Second Life” applications, including electronic consumer types, such as portable speakers and batteries, including.

Redwood Materials has agreements with other microbidability companies, including Lyft, Rad Power, and specialized e-bike and scooter recycling. Redwood, which has increased more than $ 2 billion in private capital, was announced earlier this month, opened a R&D center in San Francisco.