As the largest U.S. Collectively, they will recycle all of Lime’s scooters’ and e-bikes’ batteries. This partnership furthers Lime’s ambitious commitment to decarbonize our business by 2030. It’s in line with the new company’s goal of reducing 1 billion tons of carbon emissions and Lime’s commitment to reducing carbon emissions.
In the five-year period since, Lime has taken commendable steps to reduce its emissions. It includes reducing Scope 1, 2, and 3 emissions by 59.5% against their baseline year of 2019. The company plans to continue to set ambitious goals to enhance its sustainability metrics and is scheduled to report its 2024 Carbon Emissions in May.
Redwood Materials was started by Tesla’s former CFO, JB Straubel. The company operates a closed-loop manufacturing process that significantly reduces the demand to mine and refine raw materials. The startup has raised over $2 billion in private funding and recently opened a research and development center in San Francisco. This partnership lets Redwood Materials extract critical minerals from Lime’s spent batteries. They will recover valuable resources that Americans have already paid for like lithium, cobalt, nickel and copper.
Lime has partnered with Redwood Materials to further support responsible battery recycling. This partnership is a central component to their broader campaign to support the micromobility industry. Redwood already has established agreements with other companies, including Lyft, Rad Power Bikes, and Specialized, for recycling their e-bike and scooter batteries.
Andrew Savage, VP for Sustainability at Lime, emphasized the significance of this collaboration:
“This collaboration marks significant progress towards establishing a more circular supply chain, helping ensure our batteries are not only responsibly recycled once they reach their end of life, but that their materials are returned into the battery supply chain.”
This new partnership is an important step forward toward Lime’s ambitious sustainability goals. That’s not including all the areas the company services. The deal now extends to all of Lime’s shared scooters and e-bikes in cities across the U.S., Germany, and The Netherlands. That map does not cover all of Europe, most of Asia, or Australia.
Lime had done recycling partnerships with companies like Sprout through its downstream recyclers. In Europe, the company has partnered with Gomi in the UK and VoltR in France. Collectively, they are on the ground in multiple European countries repurposing usable battery cells to “second life” applications.
Lime is an industry leader in actively pursuing positive sustainability practices. Their collaboration with Redwood Materials showcases a deep dedication to a more circular, renewable future for micromobility solutions. Both companies are using processes that recover high-value materials from end-of-life batteries. They’re leading the charge to a more circular economy that reduces waste and saves our planet’s precious resources.
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