Lithium Salvage Secures Funding from Maven to Scale Up Recycling Operations
Deal News | Feb 03, 2025 | Maven Capital Partners
Lithium Salvage, established in 2020, has secured funding from Maven Capital Partners' NPIF II Maven Equity Finance to expand its Lithium-ion battery recycling operations. The company has developed a unique and sustainable process for recovering valuable materials from waste batteries, and aims to become the UK's sole end-to-end recycler of household Lithium-ion batteries by 2026. This financial backing will enable Lithium Salvage to scale up production and enhance its Sunderland facility operations. The investment underscores the company's vision of creating a sustainable supply chain for recycled materials and aligns with NPIF II's goal of supporting Northern businesses that contribute to the green economy.
Sectors
- Battery Recycling
- Sustainable Technology
- Venture Capital and Private Equity
Geography
- United Kingdom – Lithium Salvage is based in the UK, and the article discusses the company's plans to establish the UK's first end-to-end household Lithium-ion battery recycling facility.
- North of England – The funding comes from the Northern Powerhouse Investment Fund II, which focuses on supporting businesses in the North of England.
Industry
- Battery Recycling – The article focuses on Lithium Salvage, a company involved in the recycling of Lithium-ion batteries, emphasizing the industrial sector dedicated to recycling and sustainable materials management.
- Sustainable Technology – Lithium Salvage's innovative and environmentally friendly refining process for battery materials places it within the sustainable technology sector.
- Venture Capital and Private Equity – The investment from Maven Capital Partners highlights the role of private equity in funding and scaling innovative, sustainable enterprises.
Financials
- £660 million – The total size of the Northern Powerhouse Investment Fund II, which provides investment and loans to SMEs in the North of England.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lithium Salvage | Target Company | Company | A company specializing in the recycling of Lithium-ion batteries, based in Sunderland, UK. |
| Maven Capital Partners | Investment Manager | Company | A private equity firm managing NPIF II Maven Equity Finance, investing in Lithium Salvage for scaling up operations. |
| NPIF II Maven Equity Finance | Funding Vehicle | Company | Part of the Northern Powerhouse Investment Fund providing financial support to Lithium Salvage. |
| British Business Bank | Investor/Administrator | Company | A government-owned business development bank providing access to funding through NPIF II. |
| Simon Robeson | Chairman and Founder | Person | Chairman and founder of Lithium Salvage, leading the company's vision and strategy. |
| Duncan Noble | CEO | Person | CEO of Lithium Salvage, responsible for driving the company's operational goals. |
| Michael Dickens | Investment Manager | Person | Investment Manager at Maven, involved in the funding decision for Lithium Salvage. |
| Sarah Newbould | Senior Manager | Person | Senior Manager at British Business Bank, highlighting the impact of NPIF II investments. |