When was Li-Cycle founded?

Li-Cycle was founded in 2016 and raised its 1st funding round 2 years after it was founded.

Where is Li-Cycle located?

Li-Cycle is headquartered in Mississauga, Canada. It is registered at Rochester, New York.

Who is the current CEO of Li-Cycle?

Ajay Kochhar of Li-Cycle. They have also founded 1 company and are angel investors in 3 startups.

How many employees does Li-Cycle have?

As of Apr 30, 2026, the latest employee count at Li-Cycle is 145.

Is Li-Cycle a funded company?

Li-Cycle is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 20, 2018.

When was the latest funding round of Li-Cycle?

Li-Cycle's latest funding was a $***** Post IPO round on Mar 19, 2024, with participation from 1 investor. Its primary sector is Solid Waste Management Tech. In Canada, the Solid Waste Management Tech sector has seen $85.7M in funding in 2026 to date.

Where does Li-Cycle rank among its competitors?

Li-Cycle ranks 11th amongst 59 active competitors, of which 29 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Recyclekaro, which secured $3.85M in Feb, 2026.

Who are the top competitors of Li-Cycle?

Li-Cycle's top competitors include Lohum, Attero and Aqua Metals. Among them, Recyclekaro secured the most recent funding round in February, 2026.

Li-Cycle - 2026 Company Profile, Team, Funding & Competitors

Li-Cycle is a public company based in Mississauga (Canada), founded in 2016 by Ajay Kochhar and Tim Johnston. It operates as a Lithium ion battery recycling technology developer. Li-Cycle has raised an undisclosed amount in funding from Bioindustrial Innovation Canada. The company has 59 active competitors, including 29 funded and 7 that have exited. Its top competitors include companies like Lohum, Attero and Aqua Metals.

Company Details

Lithium ion battery recycling technology developer. The platform provides technology that extracts metals and minerals like lithium, copper, and cobalt. It uses automated equipment, consume less energy and has significantly lesser chances of an explosion as compared to regular recycling technologies.

Website: li-cycle.com
Social
Email ID: *****@li-cycle.com
Registered Address: Rochester, New York

Key Metrics

Founded Year

2016

Location

Mississauga, Canada

Stage

Public

Latest Funding Round

Post IPO, Mar 19, 2024, $*****

Investors

Bioindustrial Innovation Canada & 6 more

Ranked

11^th among 59 active competitors

Employee Count

145 as on Apr 30, 2026

Investment & Acquisitions

Glencore

Similar Companies

Lohum & 19 more

Exit Details

Public

View Li-Cycle's full profile

Li-Cycle is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LI-CYCLE INC CIN: 384121347 , United States, Active	Dec 31, 1999	-	111 (As on Dec 31, 2024)	-

Li-Cycle got listed on Aug 11, 2021.

Click here to take a look at Li-Cycle's IPO in detail

Li-Cycle has raised funding over 6 rounds. Its first funding round was on Mar 20, 2018. Its latest funding round was a Post IPO round on Mar 19, 2024 for $*****. 1 investor participated in its latest round. Li-Cycle has 7 institutional investors.

Here is the list of recent funding rounds of Li-Cycle:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 19, 2024	1274215	Post IPO	7463300	5381204	1057994	2324211
May 05, 2022	4096538	Post IPO	2397882	6660547	1726783	Glencore
Dec 15, 2021	3191211	Post IPO	3667714	1906401	6260417	Lgchem & 1 more

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View details of Li-Cycle's funding rounds and investors

The founders of Li-Cycle are Ajay Kochhar and Tim Johnston. Ajay Kochhar is the CEO of Li-Cycle.

Here are the details of Li-Cycle's key team members:

Ajay Kochhar: President and CEO, Co-Founder of Li-Cycle. They are also an angel investor in 3 startups.
Tim Johnston: Co-Founder & Advisor of Li-Cycle.

View details of Li-Cycle's Founder profiles and Board Members

Li-Cycle's employee count trend

Li-Cycle has 145 employees as of Apr 26. Here is Li-Cycle's employee count trend over the years:

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Top competitors of Li-Cycle include Lohum, Attero and Aqua Metals. Here is the list of Top 10 competitors of Li-Cycle, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lohum 2018, Noida (India), Series B	Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining	$87.7M	Baring Private Equity Partners, Cactus Venture Partners ... & 107 others	74/100
2nd	Attero 2008, Noida (India), Series C	Provider of e-waste and lithium-ion battery recycling	$31.1M	IndoUS Venture Partners, IFC & 10 others	71/100
3rd	Aqua Metals 2013, Reno (United States), Public	Provider of battery recycling solutions	$6M	Liquid Venture Partners, Herald Investment Management ... & 4 others	65/100
4th	Redwood Materials 2017, Carson City (United States), Series E	Provider of repurposed battery packs for modular energy storage systems	$2.29B	T. Rowe Price, Capricorn & 28 others	65/100
5th	Mangrove Lithium 2013, Delta (Canada), Series B	Developer of modular scalable lithium refining technology for battery‑grade production	$46.5M	BMW i Ventures, Breakthrough Energy & 10 others	64/100
6th	Recyclekaro 2010, Navi Mumbai (India), Series A	Provider of e-waste, battery, vehicle, and office equipment recycling services	$18.3M	LRT, Vikasa Capital & 110 others	64/100
7th	MiniMines 2020, Bengaluru (India), Series A	Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions	$4.97M	Micelio, Shastra & 18 others	63/100
8th	ABTC 2011, Reno (United States), Public	Provider of Lithium-ion battery recycling platform	-	DOE, Greentown Labs & 2 others	63/100
9th	Cylib 2022, Aachen (Germany), Series A	Provider of sustainable battery recycling and recycled raw materials	$71.5M	World Fund, Speedinvest & 15 others	63/100
10th	Ascend Elements 2015, Westborough (United States), Series D	Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap	$1.1B	Temasek, BlackRock & 30 others	60/100
11th	Li-Cycle 2016, Mississauga (Canada), Public	Lithium ion battery recycling technology developer	-	Koch Industries, Sustainable Development Technology Canada ... & 5 others	58/100