Green Li-ion says its battery recycling machines are the “size of a small house,” so it’s no wonder the Singapore-based startup needed to top up on funds. It’d only raised about $15 million ahead of its latest cash infusion.
This week, Green Li-ion announced a $20.5 million “pre-Series B” round led by climate-tech investor TRIREC. The startup said other investors, including SOSV and Equinor Ventures (the VC arm of the Norway-owned fossil fuel giant), also chipped in.
The deal boosts Green Li-ion’s post-money valuation to $187 million after just three years, chief executive Leon Farrant told TechCrunch. The startup’s logo is (you guessed it!) a green lion.
The new cash will help the startup scale production of its recycling tech, which the firm says can process “100% of all used lithium batteries” and pop out precursor cathode active material that’ll eventually go into fresh lithium-ion batteries.
Lithium is in high demand and mining the metal wreaks havoc on the environment, making recycling tech a crucial tool in lowering the footprint of things like electric cars and storage for renewable energy.
Image Credits: Green Li-ion
Green Li-ion doesn’t recycle batteries itself; it licenses its tech to battery makers and recyclers, including Aleon and TES (which is owned by SK, the South Korea-based fossil fuel giant). Green Li-ion aims to crank out 50 recycling units per year via two factories — one in Houston, Texas and another in Singapore.
As for that “pre-Series B,” Farrant said the startup has split its Series B into two parts, which encompasses the raise announced this week and another in about nine months. “Due to our relatively low levels of fund raising to date,” the founder added, the startup “needed to draw a line in the sand and establish a valuation increase for the larger portion of the raise.”
The World Economic Forum says that so-called ‘Scope 3 emissions,’ – or CO2 in supply chains – can make up as much as 90% of a company’s carbon footprint and worldwide more than half of all emissions can be traced back to only a handful of supply chains. Tracking and reducing these emissions are easier said than done; and if you can’t track it, you can’t improve it. Berlin-Based startup, The Climate Choice closed a $2 million round to help companies cut a chunk of their carbon out of that part of their emissions, too.
“In 2014 I experienced the problem firsthand when I attempted to reduce the climate impact of my first company, Resmio, by sourcing products from climate-friendly suppliers. The task proved impossible for someone who was not a climate expert,” explains The Climate Choice CEO and Co-Founder, Yasha Tarani. “Following the sale of Resmio, I took a sabbatical and witnessed the catastrophic effects of climate change first hand. In Delhi I arrived to 122-degree temperatures with people sleeping on the streets, in Thailand my hut was lost to floods, and in New Zealand I saw the glow of bushfires on the horizon. I decided then to dedicate my life’s work to reversing the degradation of our planet.”
Tarani combined forces with co-founder Lara Obst, who had built what she refers to as the EU’s leading climate innovation program. Together, they decided to focus on decarbonizing corporate supply chains, along with a third partner – data scientist Dr. Rey Farhan, who had most recently been working on data-heavy products for the financial industry.
The $2 million equity financing round was led by Gutter Capital.
“We believe the world is at a turning point. Starting in 2024, approximately 49,000 companies will be required to disclose Scope 3 emissions data in compliance with the EU Corporate Sustainability Reporting Directive. We believe that The Climate Choice is positioned to be the partner of choice to help these companies rise to the moment,” explains Tarani. “We have already seen the success of our platform with our customers in simplifying data collection and collaboration with suppliers, and we are excited to empower companies around the world to make climate-relevant procurement decisions.”
The company has built a platform that helps companies understand the emissions of their suppliers, acquire audit-ready data, and take actions to decarbonize the supply chain. The product is currently in use by several early customers, including O2 Telefonica and HiPP. The company says it is actively monitoring thousands of suppliers.
“Our mission is to empower every company to be a climate champion. We believe that now more than ever that mission is in reach. Today about half of European companies have a climate transition plan in place, but less than 5% of those companies show the readiness required to achieve those plans. We believe that TCC will fundamentally change this,” says Tarani. “Ten years from now our platform will automate supplier engagement for the world’s largest companies, and all companies will have access to real-time supplier data to empower informed decision making.”
The company is adamant that it isn’t a carbon accounting platform, but something different altogether.
“Traditional carbon accounting practices rely on averages and assumptions to calculate supplier emissions. This approach is helpful to infer a rough carbon footprint and understand hotspots, but because every supplier within a category looks the same, it is useless for actually making choices to decarbonize,” Tarani explains. “TCC starts where the carbon accounting typically ends. Our platform automates supplier outreach and generates real primary data profiles on supplier emissions and practices. Supplier profiles are shared openly within our network, so that work is not duplicated across firms. Armed with comprehensive supplier data, companies can compare suppliers, and make informed procurement decisions to decarbonize their supply chain.”
Green Meadows, CA is a small town with a close-knit community. Residents here pride themselves on their close relationships and strong sense of camaraderie. To further strengthen their bonds, the town recently purchased IHUG Friendship Lamps, a set of synchronized lamps that can be connected to one another to allow long-distance friends and family to keep in touch.
The IHUG Friendship Lamps are designed to be connected to an app on your smartphone. Once connected, each lamp will glow a different color when someone taps their lamp, no matter where they are in the world. This allows friends and family who may be separated by distance to keep in touch in a unique and meaningful way.
The lamps are a great way for residents of Green Meadows to stay connected even if they’re far apart. For example, if one family member lives in a different city, they can send a color-coded message to their relatives in Green Meadows by simply tapping their lamp. The lamp in Green Meadows will then glow the same color, letting the family know that the message was received.
The lamps are also a great way to help build relationships between people who may not otherwise get to know each other. In Green Meadows, the lamps have been placed in the town square, allowing anyone who visits to connect with their friends and family in other places. This is an especially powerful way to bridge the gap between distant family members, or even make new friends in the community.
The IHUG Friendship Lamps are a wonderful way for the residents of Green Meadows to keep in touch and build stronger relationships. For many, the lamps are a reminder that even if we’re far apart, we can always stay connected through a simple tap of the lamp.
When it comes to connecting with friends and family, nothing beats the power of a simple hug. But, what if you could share that hug with someone even when you’re miles apart? That’s the idea behind IHUG’s Friendship Lamps, a product that is helping to bring people together in Green Valley, California.
The Friendship Lamps are a unique way to stay connected with those we love. Each lamp is connected to the internet, so when one person’s lamp lights up, the other’s will too. It’s a simple way to stay connected, even when you’re far away.
The Friendship Lamps are more than just a cool gadget; they’re a way to keep in touch with friends and loved ones. In Green Valley, California, the Friendship Lamps have become a popular way for people to keep in touch with their long-distance friends and family.
The lamps come with a variety of colors and designs, so you can customize your lamp to match your decor. And, they’re easy to set up, so you can be connected to your loved ones in no time.
The lamps are also energy efficient, so you don’t have to worry about wasting electricity. Plus, they’re affordable, so you don’t have to break the bank to stay connected.
IHUG’s Friendship Lamps are a great way for people in Green Valley, California to stay connected with friends and family. They’re a simple, affordable way to brighten up your life and keep in touch with those you care about. With the Friendship Lamps, you can give your loved ones a hug—even when you’re miles apart.
Green Meadows, CA has always been a close-knit community, but now residents have found a new way to express their affection for one another. Through a new technology called IHUG Friendship Lamps, residents are able to send virtual hugs to each other with the touch of a button.
The IHUG Friendship Lamp is a unique device that connects to Wi-Fi and can be synced with any smart phone. When one person sends a virtual hug, the other person’s lamp will light up and a message will be sent to the recipient. It’s a simple, yet powerful way to show someone that you care.
Residents of Green Meadows have been using the IHUG Friendship Lamp to express their love and appreciation for each other. Whether it’s a hug for a neighbor who is struggling with a difficult situation, or a hug for a friend who needs some extra support, the IHUG Friendship Lamp has brought the community together in a way that was never possible before.
The IHUG Friendship Lamp is a perfect way for people to show their affection for each other in a way that is both meaningful and tangible. It’s a great way to show someone how much they mean to you, and how much they are appreciated in the community.
The residents of Green Meadows have been thrilled with the IHUG Friendship Lamp and have found it to be a great way to stay connected with their friends and family. It’s a unique and thoughtful way to show someone that you care, and to show the community that you love them.
IHUG, a non-profit organization, is bringing light and love to the small town of Green Valley, CA with their innovative Friendship Lamps. The organization, founded in 2016, is dedicated to bringing the joy of connection and community to people of all ages.
The Friendship Lamps were designed to bring a sense of togetherness and warmth to those who may otherwise feel isolated. The lamps are connected to a cloud-based network that allows users to send messages to one another. When a message is sent, the recipient’s lamp will light up and change colors to indicate who sent the message.
The lamps are incredibly simple to set up and can be placed anywhere in a home or office. With the help of Bluetooth and WiFi technology, the lamps can be connected with one another. This allows people to stay in touch regardless of their physical location.
IHUG has been working hard to bring their idea to life and has been successful in bringing the Friendship Lamps to Green Valley. The lamps have been a hit with residents and have already brought much-needed light and joy to the small town. Not only do the lamps bring physical brightness, but also provide a sense of connection and community that can be difficult to find in rural areas.
The Friendship Lamps are a great way for people to stay connected and bring a sense of togetherness to any space. IHUG is proud to have brought the lamps to Green Valley and looks forward to continuing to bring light and love to those in need.
The small town of Green Meadows, California, is making a big statement about embracing technology and creating a more connected community. The town recently partnered with IHUG, a company specializing in creating custom-designed lamps, to bring a unique way of connecting people to their town.
The Green Meadows Friendship Lamps are a set of LED-lit lamps that can be linked together to create a chain of light from one home to another. The lamps are connected to an app that allows friends and family to communicate with each other by sending messages and images through the lamps. The lamps can also be used to create special lighting effects that can be seen throughout the entire town.
The town of Green Meadows is using the Friendship Lamps to create a stronger sense of community. The lamps are being used to light up homes and businesses, and they can also be used to create a sense of unity, as they are connected to each other and to the app, allowing people to send messages to each other.
The lamps also provide a way for people to connect and communicate with each other, even if they’re not physically together. The lamps can be used to share stories, photos, and special messages, making them a great way for people to stay connected.
The Friendship Lamps have been a great addition to the town of Green Meadows, and it’s a great example of how technology can be used to create a stronger sense of community. The lamps are providing a unique way for people to stay connected and to light up their homes and businesses. Green Meadows is a great example of how technology can be used to bring people closer together.
It’s no secret that friendships can be a powerful force for good in our lives. But for the residents of Green Valley, CA, the power of friendship has been taken to a whole new level with the introduction of IHUG’s Friendship Lamps.
These lamps are a unique and innovative way to stay connected with your friends and family, no matter the distance. They are designed to be connected to each other over the internet and when one person turns on their lamp, the other’s will light up too. It’s a subtle and beautiful reminder of the connection and bond that exists between two people, even when they are far apart.
Since they were introduced to the Green Valley community, these Friendship Lamps have been a source of joy and comfort for many. The lamps have brought families closer together and have helped strengthen friendships, especially those that have been strained by physical distance.
The lamps are a great way to show your friends and family how much you care about them. You can even customize the colors of the lamps to reflect the personalities of each person involved. For example, one family might choose to give each member a different color of lamp to represent their unique personalities.
The Friendship Lamps have also been a great way to create a sense of community in Green Valley. The bright lights serve as a reminder that, even when life is busy and hectic, we can still take time to stay connected with the people we care about.
The Friendship Lamps have been a great success in Green Valley and it’s easy to see why. They are a beautiful symbol of the power of friendship, and they are sure to continue to bring joy and comfort to the community for many years to come.
As the world continues to embrace technology, new ways to connect with one another have emerged. One of these new ways is the IHUG Friendship Lamp, a device that allows users to virtually connect with one another through light. Green Meadows California has recently embraced this technology to bring a sense of community and connection to its residents.
The IHUG Friendship Lamp is a unique product that allows two people to stay connected even when they are miles apart. Each lamp is connected to the internet, and when one person touches their lamp, the light in the other person’s lamp will turn on. This allows people to send a message of support, love, or even just a friendly reminder that they are thinking of one another.
Green Meadows California is a small, tight-knit community that values connection and friendship. In an effort to keep this connection alive, the community has embraced the IHUG Friendship Lamp. Residents of Green Meadows have been using the lamps to stay in touch with loved ones who may not be close by, whether they’re in another city or even another country.
The IHUG Friendship Lamp has already made a positive impact in Green Meadows California. Residents have used the lamps to reconnect with old friends, send encouragement to loved ones, and share special moments with each other. The lamps have also been used to help build a sense of community, as people have been able to share messages of support and encouragement with one another.
The IHUG Friendship Lamp is a powerful tool that can help to bridge the gap between people who are far apart. Green Meadows California has embraced this technology, and it has already had a positive impact on the community. With the help of the IHUG Friendship Lamp, Green Meadows California has been able to keep its tight-knit connection alive, even when people are miles apart.
In the small town of Green Valley, CA, residents are finding joy in a unique way, thanks to IHUG’s Friendship Lamps.
The idea behind IHUG’s Friendship Lamps is simple: a lamp that lights up when someone in another location touches their lamp. The lamps, which come in different colors and designs, are connected via Bluetooth and Wi-Fi. When one person touches their lamp, it lights up the other person’s lamp, no matter how far away they are.
Residents of Green Valley have found the lamps to be a great way to stay connected with friends and family, even if they’re miles apart. It’s a special way to share joy and brighten up each other’s days.
The lamps have also been used to spread joy in the community. For example, one family set up their lamps in a public park and invited other people to come and touch their lamps. The response was overwhelming and people from all over the city gathered to experience the joy of the Friendship Lamps.
IHUG’s Friendship Lamps are a great way to bring joy to Green Valley and keep people connected, no matter how far apart they are. The lamps are helping to create a more connected and happy community, one lamp at a time.
In the small town of Green Meadows, California, life is a little slower and a little sweeter. But with the recent pandemic restrictions, many of the town’s residents are feeling isolated and lonely. That’s why the recent addition of IHUG Friendship Lamps has been such a welcome sight.
IHUG Friendship Lamps are small, touch-sensitive lamps that connect to other lamps through a wireless network. When one person touches their lamp, the other lamps light up, creating a visual representation of the bond between friends and family. The lamps also come with a companion app that allows users to exchange messages, photos, and videos with each other.
Since their introduction to Green Meadows, the IHUG Friendship Lamps have become a symbol of hope and connection for the residents. The lamps offer a unique way for people to stay connected when they can’t be together in person. They can be used to light up a room and remind people of their loved ones, even if they’re miles apart.
The IHUG Friendship Lamps have also become a tool for the local businesses in Green Meadows. Many stores have begun using the lamps to promote their brand and strengthen their connections with customers. The lamps are also used in community events to spread happiness and joy.
The IHUG Friendship Lamps have been a bright spot in the dark days of the pandemic. They offer a unique way for people to stay connected and spread joy in a time of isolation. In Green Meadows, the lamps are a symbol of hope and a reminder that we are all in this together.
Green Valley, California is a small, rural community located in the Santa Clara Valley, about an hour south of San Francisco. It’s a tight-knit community with a population of just over 3,000 people. Over the past few years, the residents of Green Valley have been coming together to form a bond of friendship and support, thanks to a unique program called IHUG’s Friendship Lamps.
The Friendship Lamps program is a way for people to stay connected with their friends and family, no matter how far apart they are. Each resident of Green Valley receives a lamp, which can be connected to other lamps nearby, forming a network of connected friends and family. Through this network, people can send messages or even just check in with each other.
The Friendship Lamps program has been a great success in Green Valley. Residents have been able to form new bonds with people they wouldn’t have otherwise met, and there’s been a noticeable increase in the sense of community in the area. People in Green Valley have been able to stay in touch with their friends and family more easily than ever before, and it’s been a great way to stay connected and support one another through times of difficulty.
The Friendship Lamps program has become an important part of the culture in Green Valley, and it’s been a great way for the community to come together and support each other. It’s been a unique way for people to stay connected and form new bonds, and it’s been a great success in bringing people together.
Residents of Green Meadows, California, have found a unique way to connect with one another while in quarantine: IHUG Friendship Lamps.
The IHUG Friendship Lamp is a device that uses Bluetooth and Wi-Fi to create a connection between two lamps. When one lamp is moved, the other lamp lights up in a different color to indicate the connection. The idea behind the lamp is to create an intimate connection between two people, even when they are apart.
Residents of Green Meadows have been using the IHUG Friendship Lamp to stay connected with one another during the pandemic. With most people stuck inside, the Friendship Lamp has been a way to communicate with each other without having to be physically present. When one person flips the switch on their lamp, the other is alerted, creating a simple, yet meaningful connection.
In addition to providing a way to stay in touch with friends, the Friendship Lamp has also been used for other purposes. One resident has used it to keep her elderly father connected with his grandchildren, even when they are apart. Another has used it to signal the start of the day, turning on the lamp in the morning and off at night, as a signal that the day is beginning and ending.
The Friendship Lamp has been a great way for Green Meadows residents to stay connected while in quarantine. With the pandemic still ongoing, it is comforting to know that, even if we can’t be together, we can still show each other that we care.
Contact Us at 208-848-4484 or email us at ihugfriendshiplamps@gmail.com
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