US shared micromobility operator Lime entered an exclusive partnership with battery recycler Redwood Materials to recycle end-of-life batteries from electric bikes and scooters.
The partnership covers all Lime operations in the US, Germany, and the Netherlands.
Financial details for this partnership were not disclosed.
Redwood collects 20 GWh/yr of batteries and claims it can recover, on average, 95pc of key battery materials.
Lime's global fleet of e-bikes and e-scooters comprises 200,000, offering services in 280 cities globally.
As high utilization of shared micromobility accelerates battery wear and shortens battery lifespan, the partnership helps supplement Redwood's feedstock with a steady supply of batteries, before end-of-life electric vehicles become available for recycling.
