See other companies on Welcome to the Jungle
Li-Cycle
Lithium-ion battery recycling
- 201-500 employees
- B2B
- Energy
- Sustainability
- Environmental
- Central Waterfront, Toronto, ON
Jump to section
Company mission
To leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials.
119% employee growth in 12 months
Our take
The demand for advanced lithium-ion batteries grew by over 500% between 2010 and 2020. Used to power devices ranging from mobile phones to electric vehicles, lithium-ion rechargeable batteries are increasingly powering our world. But there is a problem: this rapidly growing demand is centred around critical and scarce materials. Making lithium-ion batteries from scratch is not a viable long-term option. The world needs improved technology and supply chain innovations to better recycle these batteries.
This is where Li-Cycle comes in. The company provides recycling services for lithium-ion batteries. Via a low-cost, safe, and environmentally friendly process, Li-Cycle is able to recycle all types of lithium-ion batteries, with an unparalleled recovery rate of ≥95% of all materials.
Li-Cycle is not alone in this market and will face direct competition from the likes of Fortum, and breaking into some countries in the international sphere will pose challenges. However, Li-Cycle has seen a massive upwards trend in growth, and as market demand gets bigger it has consistently opened new facilities around the globe and has real potential to springboard toward further success.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Extended health care
- Virtual employee assistance program
- Wellness allowance
- Comprehensive employee wellness plans for employees and their dependents
- Medical and dental care
- Mental health support
- Disability coverage
- Growth and development
Company values
- Safety - Safety is our top priority
- Sustainability - Sustainability is at the core of our business. We are committed to advancing our clean technologies
- Integrity - We operate honestly, embrace diversity, and respect our employees and stakeholders
- Agility - We drive innovation and effectively respond to opportunities and challenges to deliver winning results
Funding (1 round)
Oct 2018
$2.7m
GRANT
Total funding: $2.7m
Leadership
Ajay Kochhar
(President & CEO)Ajay formerly worked at Hatch in Advisory and Industrial Clean Tech Engineering.
Tim Johnson
(Executive Chairman)Tim was formerly Hatch’s specialist in project management and transactional analysis for their global lithium business.
Diversity, Equity & Inclusion at Li-Cycle
- Li-Cycle is an equal opportunity employer committed to Diversity, Inclusion & Belonging. Individuals seeking employment at Li-Cycle are considered without regard to any protected category including but not limited to, race, color, religion, national origin, age, sex, marital status, ancestry, diverse-ability, veteran status, gender identity, or sexual orientation
- Li-Cycle is focused on providing a barrier free Recruitment & Selection process. We will focus on experience and skills and will not discriminate against candidates who have a disability or require an accommodation throughout the Recruitment & Selection process