Blue Whale Materials (BWM) has secured an investment commitment of up to $80 million from Ara Partners, a private equity firm that specialises in industrial decarbonis.
Blue Whale will use the funds to build a network of advanced lithium-ion battery (LIB) recycling facilities in the US and Europe, offering a sustainable solution to meeting the growing demand for critical battery materials.
BWM’s proprietary, leading-edge technology – validated at a commercial scale plant in Asia – recycles spent lithium-ion batteries and produces high value recycled product used in manufacturing new battery components. This helps create a sustainable, secure domestic supply of these critical materials, reducing reliance on mining operations abroad that come with geopolitical and environmental challenges.
