Li-Sal Secures £1.7m Investment for Battery Recycling Facility in Sunderland

Lithium Salvage (Li-Sal) UK Limited has successfully raised £1.7 million in investment to establish a new facility dedicated to recycling waste lithium-ion battery materials in Sunderland, Tyne & Wear. This funding round was led by Venture Sunderland and included participation from Sixthwave Ventures, Gaspara Asset Management, Maven Capital Partners, and various UK angel investors. Li-Sal's innovative refining process recovers valuable materials such as lithium, manganese, cobalt, and nickel from used batteries, offering a sustainable solution to industrial resource shortages and environmental challenges. Li-Sal is backed by a 2023 Innovate UK grant of £940,000, supporting collaborations with Teesside University, the Centre for Process Innovation, GAP Group Northeast, Pennine Energy, and others. These partnerships aim to enhance the UK’s circular economy and industrial agenda while establishing Sunderland as a hub of battery technology and electrification. Notable stakeholders, including Simon Robeson, Chairman and Founder of Li-Sal, and Duncan Noble, CEO, have expressed their commitment to creating an eco-friendly supply chain for recycled battery materials. Key investment partners have also voiced their positive outlook on Li-Sal's potential in contributing to the green economy of the North East region. This development is aligned with efforts to foster innovation and sustainability, promoting the reuse of materials within the UK and reducing the necessity of overseas resources.