California-based micromobility company Lime has announced an agreement with sustainable battery recycling and circular materials recovery company Redwood Materials.
The partnership will make Redwood the exclusive battery recycling partner for all Lime cities throughout United States, Germany and The Netherlands.
Redwood will work with Lime to recover and recycle critical battery materials such as lithium, cobalt, nickel, and copper from Lime’s e-bike and e-scooter batteries once they have reached the end of their usable life.
Recovered materials will be reintroduced into the battery manufacturing process, aligning with Lime’s goal of expanding the circularity of its production and end-of-life processes.
“As e-bike and e-scooter adoption continues to grow, so does the need to responsibly recycle the batteries that power them,” said Alexis Georgeson, VP of Government Relations and Communications at Redwood.
“These batteries contain valuable critical minerals that, when recovered and reused, can help build a more sustainable and resilient domestic battery supply chain. Our agreement with Lime ensures that end-of-life batteries from the micromobility sector can power the next generation of electrification.”
Redwood’s recycling processes ensure that more than 95% of the critical materials are recovered and reintegrated into the battery supply chain, helping Lime continue to reduce its environmental impact.
Lime has shared its goal to decarbonise its business with a 2030 net zero target, and has already achieved a -59.5% carbon reduction in 5 years from its 2019 baseline year.
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