About Li Industries
Li Industries is an Energy & Utilities company based in Blacksburg (United States) founded in 2017. Lithium-ion battery recycling. It operates in the Energy & Utilities and Environment sectors. Li Industries has raised $49.29 million across 5 funding rounds from investors including Shell, Khosla Ventures and Anglo American. The company has 18 employees. Li Industries offers products and services including Battery Materials Technology and Supply Chain Automation. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Components. Its legal entity is LI INDUSTRIES, INC.
Company details
Founded in 2017, Li Industries is based in Blacksburg, United States, and focuses on the lithium-ion battery recycling sector. Spent batteries are processed through a direct method where components such as metals and materials are isolated. These are regenerated into commercial-grade forms suitable for reuse in manufacturing new batteries, supporting sustainable resource recovery.
- Headquarters Blacksburg, United States
- Employees 18
- SectorsEnergy & UtilitiesEnvironment
- Website li-ind.com
- Social LinkedIn
- Legal Name Li Industries, Inc.
- Total Equity Funding$49.29M (USD)
in 5 rounds
- Latest Funding Round$6M (USD), Series B
Jun 2024
- InvestorsShell
& 12 more
- Employee Count18
Products & Services of Li Industries
Li Industries offers a comprehensive portfolio of products and services, including Battery Materials Technology and Supply Chain Automation.
Produces low-cost, high-performance battery materials sustainably
Automates processes for efficient battery materials production
Funding Insights of Li Industries
Li Industries has successfully raised a total of $49.29M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $49.29M
- Total Rounds 5
- Last Round Series B — $6M
- First Round $225,000
(Jun 2018)
- Investors Count 13
All 5 funding rounds of Li Industries with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $6M | Series B | – | GM Ventures, DNX Ventures | – |
| May 2024 | $36.29M | Series B | – | Robert Bosch Venture Capital, Khosla Ventures | |
| Aug 2022 | $7M | Series A | – | Khosla Ventures | |
| Jun 2020 | $800,000 | Grant | – | – | |
| Jun 2018 | $225,000 | Grant | – | – |
13 investors in total: 13 institutional.
Investors in Li Industries
Li Industries has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Shell, Khosla Ventures and Anglo American.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided by General Motors-backed firm. | gmventures.com | Warren, United States | ||
Investments in B2B sectors are made by DNX Ventures. | dnx.vc | San Mateo, United States | ||
TechEnergy Ventures is focused on accelerating the energy transition through investments. | techenergyventures.com | |||
Venture capital firm investing in tech startups | bosch.ventures | Gerlingen, Germany | ||
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Investment in early-stage companies across AI, biotech, and cleantech sectors with access to global resources. | lgtechventures.com | |||
Seed & early stage multiple stage focused corp VC firm funding companies in the US and Canada | chevron.com/technology/technology-ventures | Houston, United States | ||
Capital and strategic support are provided to early-stage tech companies by Myriad Venture Partners. | myriadventures.com | |||
Capital and ecosystem support are provided to early-stage entrepreneurs. | xeroxventures.com | |||
Venture capital fund backed by the US Government | seedfund.nsf.gov | Alexandria, United States |
Investor details for Li Industries
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Li Industries
16 people are tracked at Li Industries (11 in leadership, 5 in team); the tracked headcount is 18.
| Name | Role | Group |
|---|---|---|
Nolan Schmidt | Chief Strategy Officer | Leadership |
Carl Smith | Chief Strategy Advisor | Leadership |
David Y. | Chief Technology Officer | Leadership |
Xu Han | Co-founder and CFO | Leadership |
Thomas Mistretta | Chief Operating Officer | Leadership |
Xu Henry Han | Co-Founder & CFO | Leadership |
David Young | Co-Founder & CTO | Leadership |
Zheng Li | Co-Founder & CEO | Leadership |
M. Stanley Whittingham | Chief Science Advisor | Leadership |
Gale Clark | Chief Commercial Officer (cco) | Leadership |
Michael W. Ellis | Chief Engineer | Leadership |
Dylan Petersen | Characterization Engineer | Team |
Bo Nie | Senior Research Scientist | Team |
Jiayuan Li | Research Engineer | Team |
Tairan Yang | Senior R&d Manager | Team |
Keyur Paraskar | Research Engineer | Team |
Complete people profiles for Li Industries
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Li Industries
3 dated milestones of Li Industries across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Li Industries is founded.
- Funding First funding round of $225K.
- Funding Latest funding round, Series B, of $6.0M.
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|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Frequently Asked Questions about Li Industries
Li Industries was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Li Industries is headquartered in Blacksburg, United States. It is registered at Blacksburg, Virginia, United States.
Li Industries is a funded company, having raised a total of $49.29M across 5 funding rounds to date. The company's 1st funding round was a Grant of $225K, raised on Jun 2018.
Li Industries has 18 employees.
Founded in 2017, Li Industries is based in Blacksburg, United States, and focuses on the lithium-ion battery recycling sector. Spent batteries are processed through a direct method where components such as metals and materials are isolated. These are regenerated into commercial-grade forms suitable for reuse in manufacturing new batteries, supporting sustainable resource recovery.
Li Industries offers Battery Materials Technology and Supply Chain Automation.
Li Industries has 13 investors. Key investors include Shell, Khosla Ventures, Anglo American, GM Ventures, and DNX Ventures.
Li Industries operates through Li Industries, Inc..