Lime partners with Redwood Materials for battery recycling in US, Germany, Netherlands

Lime has announced an exclusive partnership with Redwood Materials to recycle batteries from its e-bikes and e-scooters in the U.S., Germany, and the Netherlands. This marks Lime's first direct collaboration with a North American battery recycler, aiming to enhance the sustainability of its operations by ensuring that critical minerals like lithium, cobalt, and nickel are recovered and reintroduced into the battery supply chain. Redwood Materials, founded by former Tesla CTO JB Straubel, boasts a recovery rate of over 95% for these materials, which is a significant factor in Lime's decision to partner with them. The agreement is part of Lime's broader goal to decarbonize its business by 2030, as the company seeks to establish a more circular supply chain. Additionally, Lime operates a fleet of 270,000 vehicles across 30 countries, and this initiative aligns with its commitment to sustainable practices amid growing scrutiny over the environmental impact of micromobility services. The partnership promises to address the challenges posed by end-of-life batteries, ensuring they are processed responsibly and efficiently.