EcoNiLi Battery New Energy

What EcoNiLi Battery New Energy does

EcoNiLi Battery New Energy Sdn Bhd is a Malaysian lithium-ion battery recycling company headquartered in Kuala Lumpur. Founded by Dr. Jayden Goh in 2019 and incorporated in August 2021, the company operates three manufacturing facilities: Factory 1 in Ipoh, Perak (24,000 MTPA scrap battery recycling capacity, operational since 2019), Factory 2 in Ipoh (12,000 MTPA black mass hydrometallurgical processing, launched May 2024 with RM50 million in capex), and Factory 3 in Dubai (1,000 MTPA, joint venture). The flagship Perak plant is the largest lithium-ion battery recycling facility in Malaysia, and aggregate group capacity stands at 37,000 MTPA with cumulative Perak investment of approximately RM150 million.

The company's core technology is a CE-certified hydrometallurgical recycling process capable of handling black mass with high fluoride content—a stated pain point in the global battery recycling market. It recovers lithium, cobalt, nickel, and manganese from spent lithium-ion batteries, black mass, mixed metal scrap, and shredded batteries, with solar-power integration at factories supporting renewable energy use and full traceability from packaging through final disposition.

EcoNiLi operates a B2B, sales-led commercial model. It procures spent batteries and black mass from a global supplier network of battery collectors, scrap dealers, and recyclers across Southeast Asia and other regions, and sells recycled battery-grade materials (lithium, cobalt, nickel, manganese compounds) to OEM battery manufacturers and downstream recyclers. Customers include battery OEMs in Asia Pacific and globally. The company is privately held under founder/CEO Dr. Jayden Goh, received a strategic (undisclosed amount) investment from government-owned Kumpulan Modal Perdana in February 2026, and reports annual turnover of approximately $50 million USD. Recent moves include tier-1 OEM partnerships (BMW Group Malaysia, 2026) for second-life EV battery applications and establishment of EcoNiLi Battery Europe S.L. to extend Asian–European material flows.

Name

EcoNiLi Battery New Energy

Legal name

EcoNiLi Battery New Energy Sdn Bhd

Website

https://econilib2b.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

EcoNiLi Battery New Energy is a Malaysia-headquartered lithium-ion battery recycler operating three hydrometallurgical plants that process spent batteries and black mass into battery-grade materials for global OEMs, with annual turnover of approximately $50 million USD.

Ownership category

akta.pro rank

Product category

Battery Recycling

NAICS

Materials Recovery Facilities (562920), Materials Recovery Facilities (56292), Waste Collection (56211), Hazardous Waste Treatment and Disposal (562211)

SIC

Refuse Systems (4953)

akta.pro primary industry

Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF)

akta.pro secondary industries

Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ), Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA), Battery Recycling, Second-Life & Remanufacturing (IMAGAHAL)

Keywords

• Lithium-ion battery recycling
• Black mass processing
• Hydrometallurgical recycling
• Battery material recovery
• Scrap battery procurement

Headquarters

HQ city

Petaling

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Battery Material Procurement and Recycling: EcoNiLi purchases spent lithium-ion batteries, black mass (nickel cobalt mixture), mixed metal scrap batteries, and shredded spent lithium-ion batteries from collectors, recyclers, and battery manufacturers. The company recycles, refines, and reclaims metals (Li, Ni, Co, Mn) which are then sold back to battery manufacturers and other customers. Revenue is generated through the purchase of scrap materials at competitive prices and the sale of reclaimed battery-grade materials to global markets.
2. Recycled Material Sales: The company processes end-of-life batteries into valuable secondary raw materials (lithium, cobalt, nickel, manganese compounds) which are sold to battery manufacturers and industrial customers globally, serving both the Southeast Asian market and global export markets.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

EcoNiLi Battery New Energy purchases spent lithium-ion batteries, black mass (nickel cobalt mixture), mixed metal scrap batteries, and shredded spent batteries from collectors and recyclers. The company uses CE-certified hydrometallurgical technology to recycle, refine, and reclaim valuable metals including lithium, cobalt, nickel, and manganese, which are then sold back to battery manufacturers and industrial customers globally.

Product overview

EcoNiLi Battery New Energy operates as a comprehensive lithium-ion battery recycling platform offering a portfolio of interconnected services. The core offering consists of end-to-end lithium-ion battery recycling services, supported by three manufacturing facilities across Malaysia (Factory 1: 24,000 MTPA scrap battery processing; Factory 2: 12,000 MTPA black mass hydrometallurgical plant) and Dubai (Factory 3: 1,000 MTPA joint venture). The company processes various feedstocks including spent lithium-ion batteries, black mass (nickel cobalt mixture), mixed metal scrap batteries, and shredded batteries, reclaiming valuable metals (Lithium, Nickel, Cobalt, Manganese) for the global battery supply chain. The platform includes scrap battery purchasing programs for suppliers and complete logistics support services.

Differentiator

Problem solved

Functional benefit

Products and services

• Lithium-Ion Battery Recycling Services End-to-end recycling services for spent lithium-ion batteries, transforming end-of-life batteries into valuable resources. The company purchases, recycles, refines, and reclaims metals including Lithium, Nickel, Cobalt, and Manganese from various battery waste streams, serving battery manufacturers, recycling firms, and battery collectors globally.
• Black Mass Processing Processing of black mass (nickel cobalt mixture) from lithium-ion battery cathode sheets, recovering valuable critical metals for reuse in battery manufacturing supply chains. Offered to recycling firms and battery manufacturers needing downstream reprocessing capacity.
• Scrap Lithium-Ion Battery Procurement Procurement of scrap lithium-ion batteries, mixed metal scrap batteries, and shredded spent lithium-ion batteries from collectors, OEMs, and recycling companies at competitive market prices. The program offers end-to-end logistics support from packaging to final disposition.
• Recycled Battery-Grade Materials Supply Supply of recycled battery-grade metals including lithium, cobalt, nickel, and manganese compounds derived from end-of-life batteries and black mass, sold to battery manufacturers, OEMs, and industrial customers across Southeast Asia and global markets.
• Supply Chain and Logistics Solutions Complete logistics solutions from packaging to final disposition of waste lithium-ion batteries, supporting suppliers with seamless processing. Includes inbound collection logistics for scrap suppliers and outbound distribution of reclaimed materials to manufacturers.

Quantifiable outcome

• 98% lithium-ion battery acceptance rate and 92% global recycling rate
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• BMW Group MalaysiacoreStrategic or Co-development Partner · 1 January 2026BMW Group Malaysia is collaborating with EcoNiLi on second-life applications for retired EV batteries, exploring their use in energy storage systems for rural communities in Malaysia. This partnership supports Malaysia's circular economy goals under NAP 2020.
• Universiti MalayacoreStrategic or Co-development Partner · 1 January 2026Universiti Malaya is collaborating with BMW Group Malaysia and EcoNiLi on second-life applications for retired EV batteries, exploring energy storage systems for rural communities. The partnership contributes to academic research and practical application of sustainable battery lifecycle management.
• BaterikuminorStrategic or Co-development Partner · 24 July 2025Bateriku and EcoNiLi announced a strategic collaboration to drive the circular economy in battery recycling, enabling greater collection and recycling coverage across Malaysia and the region.
• Asian Recyclers (Multiple Partnerships)minorStrategic or Co-development Partner · 1 January 2024Partnerships with Asian recyclers enable large contracts with OEM companies. EcoNiLi has strategic global partners and an established supplier network across Asia to serve as a central hub for waste lithium-ion battery recycling.
• EcoNiLi Battery Europe S.L.coreStrategic or Co-development Partner · 1 January 2022EcoNiLi Battery Europe S.L. was established to connect Asian and European battery supply chains, extending EcoNiLi's recycling services to the European market and enabling bidirectional material flows between continents.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Umicore: Umicore is a major Belgian materials technology and recycling group with global battery materials and precious metals refining operations. Its battery recycling business competes in the same hydrometallurgical value chain but as part of a much larger portfolio including catalysts and specialty materials.
• Glencore (battery recycling): Glencore operates one of the world's largest cobalt and nickel refining operations and has expanded into lithium-ion battery recycling through partnerships and processing capacity. It represents a scaled incumbent competitor with deep commodity trading expertise relevant to EcoNiLi's reclaimed metals business.

Emerging players

• Ascend Elements: Ascend Elements is a US-based lithium-ion battery recycling company using a hydrometallurgical process (Hydro-to-Cathode) to produce precursor cathode active material directly from black mass. Comparable to EcoNiLi in technology approach and midstream positioning but focused on the North American market.
• Cirba Solutions: Cirba Solutions (formerly known as Heritage Battery Recycling) operates North American battery collection and processing facilities using both pyrometallurgical and hydrometallurgical approaches. Comparable in offering end-to-end collection-to-materials recovery services similar to EcoNiLi's integrated model.
• OnTo Technology: OnTo Technology is a US-based battery recycling innovator focused on direct recycling and cathode regeneration processes. It is an emerging technology peer in the broader battery recycling space, particularly relevant to EcoNiLi's positioning around advanced recycling methods beyond conventional hydrometallurgy.

Direct peers

• Redwood Materials: Founded by former Tesla CTO JB Straubel, Redwood Materials is a leading North American lithium-ion battery recycler using hydrometallurgical and direct recycling processes to recover critical metals from end-of-life batteries and production scrap for re-entry into the supply chain.
• GEM Co. GEM is a leading Chinese lithium-ion battery recycler and nickel/cobalt materials producer with significant hydrometallurgical capacity. It serves global battery OEMs and is one of the largest players in the Asian recycling value chain — a direct competitor for both feedstock sourcing and material off-take.
• Li-Cycle: Li-Cycle operates a global lithium-ion battery recycling network using a combination of safe mechanical processing and hydrometallurgical refining (Spoke & Hub model) to produce battery-grade materials, with operations in North America, Europe, and Asia — directly comparable to EcoNiLi's midstream hydrometallurgical positioning.
• SungEel HiTech: SungEel HiTech is a South Korea-based lithium-ion battery recycler with hydrometallurgical processing capacity, supplying reclaimed battery-grade metals to Korean and global OEMs. It competes for Asian scrap feedstock and OEM off-take contracts similar to EcoNiLi.

Regional players

• Nickelhutte Aue: Nickelhuette Aue is a German specialty metals recycling company with hydrometallurgical processing capabilities for nickel, cobalt, and other battery-related metals. As a European hydrometallurgical recycler, it is a regional peer relevant to EcoNiLi's European subsidiary and European market ambitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/econili_battery
• YouTubeyoutube.com/@econilibatterygroup
• Facebookfacebook.com/profile.php?id=61562972302671&sk=about
• LinkedInlinkedin.com/company/econilibattery
• Instagraminstagram.com/econilibatterygroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EcoNiLi Battery New Energy