November 19, 2020
Li-Cycle secures Series C led by Moore Strategic Ventures
Original article published in Private Capital Journal
November 19, 2020
CPE News (11/19/2020) – Li-Cycle Corp. has closed a Series C equity funding round led by Moore Strategic Ventures LLC. Terms of the financing were not disclosed.
Founded by Ajay Kochhar and Tim Johnston, Mississauga, Ontario based is a lithium-ion battery recycling company with processing facilities in Kingston Ontario and Rochester, New York. The company is capable of processing all types of lithium-ion batteries used in electronic devices, e-mobility, electric vehicles and other energy storage applications.
Li-Cycle intends to use new funding for the development of its Rochester Commercial Hub and to drive expansion into international markets.
Jett Capital advisors LLC acted as financial advisor, and McCarthy Tétrault LLP and Freshfields Bruchhaus Deringer US LLP acted as legal advisors, to Li-Cycle in connection with this transaction.
Read the full news release here
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