Ara Partners, a private equity firm, has invested in Blue Whale Materials to build a network of advanced lithium-ion battery recycling facilities in the US and Europe.
This transaction helps reduce reliance on mining operations abroad that come with geopolitical challenges.
“The BWM team has the operational experience, strategic relationships and motivation to build a leading LIB recycling platform domestically,” said Tuan Tran, a partner at Ara Partners. “The market opportunity is tremendous and we are thrilled to partner with the BWM team.”