Econili raises $2 million as it describes its recycling ambitions
Business · First reported 3 Nov, 02:00 · Updated 02:04
Econili is identified as an Ipoh-based battery recycler. One report says Vynn Capital led a $2 million funding round; another says Econili has described itself as ASEAN’s largest lithium-ion battery recycler.
- Vynn Capital led a $2 million round for Econili, a Malaysian battery recycler.
- Econili is based in Ipoh and has described itself as ASEAN’s largest lithium-ion battery recycler.
- Econili’s plants in Ipoh reportedly have capacity to treat 24,000 metric tonnes of batteries.
Summary written by Lux AI from 2 articles
Key facts
- Funding round
- $2 million, led by Vynn Capital
- Location
- Ipoh, Malaysia
- Reported treatment capacity
- 24,000 metric tonnes at Econili’s Ipoh plants
- Company description
- Econili has described itself as ASEAN’s largest lithium-ion battery recycler
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