Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, will invest $ 100 million in Li-Cycle lithium-ion battery recycler (previous position) by purchasing a convertible note to support the rapidly expanding growth opportunities of the ‘business in North America, Europe and Asia.
In addition to new capital, Li-Cycle, along with several subsidiaries of Koch Industries, is exploring opportunities to accelerate Li-Cycle’s global growth strategies. This potentially includes work with Koch Engineered Solutions (KES) which provides engineering, procurement and construction services, as well as the Optimized Process Design (OPD) group, a capability of KES, which provides packages of detailed engineering, a single point of supply for all equipment and materials, manufacturing and construction services.
Li-Cycle and KES are exploring business opportunities to support the global deployment of additional Spoke facilities and to improve execution and operational readiness for the company’s Rochester Hub.
With the pace of deployment of new battery mega-factories far exceeding initial expectations, Li-Cycle recognizes the need to accelerate the deployment of its Spoke & Hub capacity to seize the growing market opportunity.
The Li-Cycle Total Addressable Market (TAM) estimate for the amount of lithium-ion batteries available for recycling globally in 2025 has accelerated significantly over the past five months. TAM estimates in 2025 in North America, Europe and China have all increased by at least 50%, based on sources that include Benchmark Mineral Intelligence, as well as Li-Cycle market information and forecast.
Among the main drivers of this growth are new announcements of mega battery factories exceeding initial expectations. This results in additional battery manufacturing waste available for recycling, in parallel with battery manufacturing. The additional capital raised from KSP will be directed towards the accelerated expansion of Li-Cycle’s battery recycling footprint, both in North America and internationally.