"Lime announced it has partnered with Redwood Materials to recycle lithium-ion batteries from its e-bikes and e-scooters, enhancing their sustainability efforts."
"Redwood Materials recycles up to 98% of battery materials, refining elements like nickel and cobalt for reuse in new battery production."
Lime, the world's largest bike- and scooter-sharing company, has partnered with Redwood Materials, co-founded by former Tesla CTO JB Straubel, to recycle its lithium-ion batteries. The partnership aims to enhance Lime's sustainability by ensuring the maximum recovery of battery materials after their lifespan of 500 charge cycles, typically lasting 5-7 years. Redwood Materials claims to recover 95-98% of components, including nickel and cobalt, which are vital for new battery production. Lime first intends to recycle batteries in the US, Germany, and the Netherlands as part of its commitment to a circular economy.
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