Lime Partners With Redwood Materials to Recycle E-Bike and Scooter Batteries

The exclusive agreement aims to create a circular supply chain as global demand for critical minerals rises.

Lime has signed an exclusive deal with Redwood Materials to recycle batteries from its shared e-bikes and scooters in the U.S., Germany, and the Netherlands.
Redwood Materials will recover critical minerals like lithium, cobalt, and nickel from used batteries, with a recovery rate of 95–98%.
This partnership supports Lime’s sustainability goals, including its aim to decarbonize operations by 2030 and establish a circular supply chain.
The initiative addresses supply chain vulnerabilities as China restricts the export of key rare earth metals, emphasizing the importance of domestic recycling efforts.
Redwood Materials, founded by former Tesla CTO JB Straubel, recycled 20 gigawatt-hours of material in 2024, enough to produce 250,000 EV batteries.