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Shared micromobility caller Lime has reached an arrangement to charge batteries used in its scooter and e - bikes to Redwood Materials , which will extract and recycle critical minerals such as lithium , cobalt , nickel note , and cop .
The agreement denote Monday makesRedwood Materialsthe single battery recycling spouse for Lime ’s shared scooters and e - bikes situate in city throughout the United States , Germany , and the Netherlands . The agreement does n’t cover every region in which Limeoperates , a listing that include cities throughout Europe , Asia , and Australia .
Lime has had other recycling partnerships in the yesteryear , notably with Sprout via its downstream vendors . However , this is the first time the divvy up micromobility ship’s company has had a unmediated human relationship with a assault and battery recycler in North America that will directly swear out material for recovery and return it to the supplying chain .
Redwood Materials , the Carson City , Nevada - base startup founded by former Tesla CFO JB Straubel , will regain material from the batteries once they can no longer be used . Once convalesce and recycled , the material will be reintroduce in the barrage fire manufacturing process . This closed - loop fabrication arrangement — which can reduce requirement for excavation and refining minerals — is at the spunk of Redwood Materials ’ clientele model .
The effort also aligns with Lime ’s own sustainability goals . Lime has a end to decarburize its business by 2030 . The company has made advance in reducing Scope 1 , 2 , and 3 discharge by 59.5 % in five years from its 2019 baseline long time . fluxing lime plan to describe its 2024 Carbon Emissions outcome in May .
“ This collaboration marks significant progress towards establishing a more circular supply chain , help ensure our battery are not only responsibly recycled once they reach their goal of life , but that their materials are devolve into the battery provision chain , ” Andrew Savage , VP for Sustainability at Lime , said in a statement .
Lime also has partnership with Gomi in the U.K. and VoltR in France and other European countries to glean these viable barrage cubicle for “ second aliveness ” applications , including for consumer electronics , such as portable speakers and assault and battery packs , among other uses .
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Redwood Materials hasagreements with other micromobility companies , including Lyft , Rad Power Bikes , and Specialized to reuse their e - wheel and scooter battery . Redwood , which has raised more than $ 2 billion in private fund , announced earlier this month it hasopened an R&D centerin San Francisco .
