“There will be around 12 million tons of batteries retiring from EV between now and 2030. Most of these batteries have 80% capacity unused and thousands of dollars worth of precious metals. Today these retired batteries are disassembled almost 100% manually before they are reused or shredded for recycling. We are changing this by making battery disassembly fast, safe, and scalable. We want to bring affordable lithium-ion batteries to the masses and help create a circular economy for our electric future.” said Wesley Zheng, CEO and co-founder of Posh, who did his Ph.D. on lithium batteries at Stanford University.
Source: Posh raises $3.8M seed round to automate EV battery recycling