EcoNiLi Battery Pte. Ltd.

What EcoNiLi Battery Pte. Ltd. does

EcoNiLi Battery Pte. Ltd. is a privately held lithium-ion battery recycling company, with its primary operating entity EcoNiLi Battery New Energy Sdn Bhd in Malaysia. Founded in August 2021 by Jayden Goh, the company purchases, recycles, refines, and reclaims metals — lithium, cobalt, nickel, and manganese — from spent lithium-ion batteries, mixed metal scrap, and black mass. It serves battery manufacturers (OEMs) needing compliant end-of-life solutions, scrap battery collectors and dealers supplying feedstock, and downstream recyclers in China and Asia ex-China that purchase processed black mass. A wholly-owned subsidiary, EcoNiLi Battery Europe S.L., established in December 2022, connects Asian and European battery supply chains.

The company operates three hydrometallurgical processing facilities with combined scrap input capacity of 25,000 MTPA: Factory 1 (24,000 MTPA scrap batteries) and Factory 2 (12,000 MTPA black mass), both in Ipoh, Malaysia, plus Factory 3 (1,000 MTPA scrap batteries) — a joint venture in Dubai. Core technology is CE-certified hydrometallurgical processing, notably engineered to handle high-fluoride content black mass — a feedstock challenge that constrains many competitors. The integrated offering covers the full waste-to-resource chain — procurement, packaging, logistics, and metal recovery — with reclaimed metals sold back into the battery supply chain. Facilities integrate renewable power (solar), and EcoNiLi is a signatory to the United Nations Global Compact.

Go-to-market combines direct enterprise sales to OEMs with a network of trusted suppliers and dealers providing feedstock. Capital deployment has accelerated since 2024: an RM50 million plant launched in Ipoh in May 2024, an RM80 million third facility announced in April 2025, and a strategic investment from Malaysian government-linked Kumpulan Modal Perdana (KMP) announced in February 2026. Cumulative Malaysian facility investment is RM150 million (~USD 32 million), and the CEO has disclosed annual turnover of USD 50 million. Recent commercial milestones include a strategic collaboration with Malaysian EV battery company Bateriku announced July 2025 and the ESG Plus Awards 2025 recognition by MGTC and Bernama.

Name

EcoNiLi Battery Pte. Ltd.

Legal name

EcoNiLi Battery New Energy Sdn Bhd

Website

https://econilib2b.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

EcoNiLi Battery is a Southeast Asia-based lithium-ion battery recycling company operating three hydrometallurgical facilities with 25,000 MTPA total capacity to recover lithium, cobalt, nickel, and manganese from spent batteries and black mass, serving battery OEMs, collectors, and downstream recyclers.

Ownership category

akta.pro rank

Product category

Battery Recycling Services

NAICS

Hazardous Waste Treatment and Disposal (562211), Battery Manufacturing (335910), Chemical Manufacturing (325)

SIC

Refuse Systems (4953), Hazardous Waste Management (4955)

akta.pro primary industry

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

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Mechanical Recycling & Materials Separation (Crushing, Sieving, Physical Separation) (EUAFACAC), Battery Collection & Logistics (Sorting, Packaging, Transport Compliance) (EUAIAIAE), Battery Scrap & Recycling Feedstock (Lead-Acid, Li-ion Black Mass Feedstock, NiMH) (IMAKAMAH)

Keywords

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

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Battery Material Purchase and Processing: EcoNiLi purchases spent lithium-ion batteries, black mass (nickel cobalt mixture), mixed metal scrap batteries, and shredded spent lithium-ion batteries from suppliers. The company recycles, refines, and reclaims the metals (Lithium, Nickel, Cobalt, Manganese) contained in these materials. Revenue is generated through the sale of reclaimed metal materials back into the battery manufacturing supply chain.
2. Supplier/Dealer Network: EcoNiLi operates a network of dealers and suppliers of used NMC batteries, scrap lithium-ion batteries, cathode foils, and other battery materials. The company offers competitive pricing to attract suppliers and buys supply at competitive prices to improve the quality of battery materials produced.
3. Strategic Investment & Capacity Expansion: Kumpulan Modal Perdana (KMP) made a strategic investment in EcoNiLi to strengthen Malaysia's battery recycling capabilities, supporting the company's capacity to process 24,000 metric tons annually and positioning Malaysia as a strategic midstream hub.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels9 records

Core offering

EcoNiLi Battery Pte. Ltd. (operating as EcoNiLi Battery Group) buys spent lithium-ion batteries, mixed metal scrap batteries, and black mass (nickel cobalt mixture) from suppliers, then recycles, refines, and reclaims valuable metals — lithium, cobalt, nickel, and manganese — using proprietary hydrometallurgical processing technology. The company operates three processing facilities (two in Ipoh, Malaysia and one joint venture in Dubai) with a combined scrap input capacity of 25,000 MTPA, supplying reclaimed battery-grade materials back into the global battery manufacturing supply chain.

Product overview

EcoNiLi Battery Pte. Ltd. is a battery recycling company operating as a unified platform of services and processing facilities. The core offering consists of lithium-ion battery recycling services, black mass processing, and scrap battery procurement, supported by three strategically located manufacturing facilities. The company's hydrometallurgical processing technology recovers valuable metals (lithium, cobalt, nickel, manganese) from end-of-life batteries and black mass. Factory 1 (24,000 MTPA) in Malaysia handles scrap battery processing, Factory 2 (12,000 MTPA) operates as the hydrometallurgical plant for black mass, and Factory 3 (1,000 MTPA) in Dubai is a joint venture facility. The company serves OEMs, battery collectors, and recycling companies globally, providing complete solutions from packaging to final disposition.

Differentiator

Problem solved

Functional benefit

Products and services

• Lithium-Ion Battery Recycling Services End-to-end recycling service for spent lithium-ion batteries, accepting all types and sizes of LIB used in EVs and consumer devices. Customers include battery manufacturers (OEMs), downstream recyclers, and battery collectors, with the service spanning packaging, logistics, recycling, and metal reclamation.
• Black Mass Processing Purchase and reprocessing of black mass (nickel cobalt mixture) from lithium-ion battery cathode sheets using advanced hydrometallurgical technology capable of handling high-fluoride content, supplying processed material to downstream battery recyclers in China and Asia ex-China.
• Scrap Battery Procurement Procurement service that buys scrap lithium-ion batteries, used NMC batteries, cathode foils, and mixed metal scrap batteries from suppliers and collectors globally, offering competitive pricing and complete packaging-to-disposition solutions.
• Hydrometallurgical Metal Recovery Advanced hydrometallurgical recovery process that extracts lithium, cobalt, nickel, and manganese from battery scrap and black mass, achieving a 92% global recycling rate on accepted materials with CE-certified equipment meeting safety and environmental standards.

Quantifiable outcome

• 98% of submitted lithium-ion batteries accepted for recycling
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and major.

• BaterikucoreStrategic or Co-development Partner · 24 July 2025Bateriku and EcoNiLi announced a strategic collaboration to drive the circular economy in battery recycling. This partnership combines Bateriku's EV battery expertise with EcoNiLi's hydrometallurgical processing capabilities to create a comprehensive battery recycling solution in Malaysia.
• EcoNiLi Battery Europe S.L.majorStrategic or Co-development Partner · 1 December 2022EcoNiLi Battery Europe S.L. was established to connect the Asian and European battery supply chains, serving as a strategic bridge for EcoNiLi's services into the European market. This entity enables EcoNiLi to serve global contracts with OEMs and recycling companies across both continents.

Scale indicators12 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Li-Cycle: Li-Cycle operates large-scale lithium-ion battery recycling using a combination of mechanical processing ('Spoke') and hydrometallurgical refining ('Hub'). Directly comparable to EcoNiLi's black mass hydrometallurgical plant and scrap battery processing facility model, though operating in North America and Europe.
• Redwood Materials: Founded by former Tesla CTO JB Straubel, Redwood Materials recycles end-of-life lithium-ion batteries and manufactures anode/cathode materials from recovered feedstocks. Highly comparable direct peer in the LIB recycling space focused on closing the battery supply loop.
• SungEel HiTech: Korea-based lithium-ion battery recycling company operating pyrometallurgical and hydrometallurgical processing. Direct peer with similar feedstock positioning in Asia and comparable recycling throughput.
• GEM Co., Ltd. China-based major player in lithium-ion battery recycling and battery raw materials, operating large-scale hydrometallurgical plants. Direct peer in black mass processing and cobalt/nickel reclamation that EcoNiLi feeds.
• Anhua Taisen Recycling Technology Co Ltd: China-based battery recycling company previously co-founded by EcoNiLi's CEO Jayden Goh. Closely comparable business model in LIB recycling and a precedent for the founder's prior operating playbook.

Broad incumbents

• Umicore: Belgian materials technology company operating a major battery recycling business (Umicore Battery Materials) alongside its broader catalysis and specialty materials portfolio. Larger incumbent offering overlapping LIB recycling capabilities with global reach.

Emerging players

• Ascend Elements: US-based lithium-ion battery recycler using hydrometallurgical processing to recover critical battery materials and produce cathode precursor materials. Comparable technology focus and direct recycling adjacency.
• Brunp Recycling (CATL subsidiary): Wholly-owned subsidiary of CATL and one of China's largest battery recycling platforms, with deep hydrometallurgical capacity. Comparable to EcoNiLi's black mass processing capability and a downstream buyer of black mass.
• Cirba Solutions: North American battery materials and recycling company offering lithium-ion battery processing to recover cobalt, nickel, and lithium. Comparable mid-stream LIB recycling platform.

Regional players

• BatX Energies: India-based lithium-ion battery recycling startup focused on black mass processing and material recovery. Comparable hydrometallurgical approach and regional Asian hub positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 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

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

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 Pte. Ltd.