About Li-Cycle
Li-Cycle is a company based in Mississauga (Canada) founded in 2016 by Tim Johnston and Ajay Kochhar.. The company has 240 employees as of December 31, 2024. Li-Cycle offers products and services including Spoke & Hub Technologies, Battery Recycling Service, and Lithium Carbonate Production. Li-Cycle operates in a competitive market with competitors including Attero, Lohum, SiTration, Green Li-ion and Cylib, among others.
- Headquarter Mississauga, Canada
- Employees 240 as on 31 Dec, 2024
- Founders Tim Johnston, Ajay Kochhar
- Stage Public
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Li-Cycle Holdings Corp.
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Annual Revenue
$28 M53.01as on Dec 31, 2024
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Net Profit
$-137.7 M0.22as on Dec 31, 2024
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EBITDA
$-98.1 M34.99as on Dec 31, 2024
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Latest Funding Round
$75 M (USD), Post-IPO
Mar 19, 2024
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Investors
Glencore
& 4 more
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Employee Count
240
as on Dec 31, 2024
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IPO & Listings of Li-Cycle
Li-Cycle is a publicly listed company on the OTC with ticker symbol LICYQ in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Li-Cycle
Li-Cycle offers a comprehensive portfolio of products and services, including Spoke & Hub Technologies, Battery Recycling Service, and Lithium Carbonate Production. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Processes lithium-ion batteries to recover up to 95% of materials
Handles end-of-life and defective batteries for material reuse
Produces high-quality materials for battery supply chains
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Funding Insights of Li-Cycle
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $75.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Post-IPO - Li-Cycle | Valuation |
investors |
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| May, 2022 | Amount | Post-IPO - Li-Cycle | Valuation |
investors |
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| Dec, 2021 | Amount | Post-IPO - Li-Cycle | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Li-Cycle
Li-Cycle has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Glencore, LG Chem and LG Energy Solution. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Support is provided for sustainable technology commercialization in Canada.
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Founded Year | Domain | Location | |
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Metals and minerals are produced and supplied worldwide.
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Founded Year | Domain | Location | |
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Manufacturer and supplier of automotive battery to OEMs
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Li-Cycle
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Li-Cycle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Li-Cycle Comparisons
Competitors of Li-Cycle
Li-Cycle operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Attero, Lohum, SiTration, Green Li-ion and Cylib, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tech-based solid waste management and recycling solutions are provided.
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| domain | founded_year | HQ Location |
Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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| domain | founded_year | HQ Location |
Battery recycling solutions are provided through ultra filtration technology.
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| domain | founded_year | HQ Location |
Spent lithium-ion batteries are recycled into cathode and anode materials.
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| domain | founded_year | HQ Location |
Valuable materials from batteries are recycled sustainably.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Li-Cycle
Frequently Asked Questions about Li-Cycle
When was Li-Cycle founded?
Li-Cycle was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Li-Cycle located?
Li-Cycle is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of Li-Cycle?
Ajay Kochhar is the current CEO of Li-Cycle. They have also founded this company.
How many employees does Li-Cycle have?
As of Dec 31, 2024, the latest employee count at Li-Cycle is 240.
What is the annual revenue of Li-Cycle?
Annual revenue of Li-Cycle is $28M as on Dec 31, 2024.
What does Li-Cycle do?
Li-Cycle was founded in 2016 in Mississauga, Canada, focusing on the battery recycling sector. Technology is provided to extract metals and minerals, including lithium, copper, and cobalt, from lithium-ion batteries. Automated equipment is employed in operations, which requires less energy and presents lower explosion risks than conventional recycling methods. The platform supports sustainable resource recovery in the energy storage industry.
Who are the top competitors of Li-Cycle?
What products or services does Li-Cycle offer?
Li-Cycle offers Spoke & Hub Technologies, Battery Recycling Service, and Lithium Carbonate Production.
Is Li-Cycle publicly traded?
Yes, Li-Cycle is publicly traded on OTC under the ticker symbol LICYQ.
Who are Li-Cycle's investors?
Li-Cycle has 5 investors. Key investors include Glencore, LG Chem, LG Energy Solution, Koch Industries, and Bioindustrial Innovation Canada.
What is Li-Cycle's ticker symbol?
The ticker symbol of Li-Cycle is LICYQ on OTC.
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