Li Industries Closes $42M in Series B Funding, Announces New Investors [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
The new investors include General Motors (GM) Ventures, DNX Ventures, and Tech Energy Ventures. This latest investment brings the total size of the Series B round to $42 million and increases Li Industries' total funding to date to over $50 million "We are excited to welcome GM Ventures, DNX Ventures, and Tech Energy Ventures as key investors in our mission to revolutionize battery recycling," said Zheng Li , CEO of Li Industries. "This additional funding will enable us to further scale our operations and develop synergistic partnerships." "GM is taking a holistic approach to the transition to electric, which includes investing in the reuse and recycling of batteries," said Anirvan Coomer , president & managing director, GM Ventures. "Li Industries' mission aligns with our own and their technology shows promise. We look forward to continued progress of their technology and the potential for future collaborations." GM Ventures' investment underscores the growing importance of sus
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