All On commits $1.5m to Hinckley to build Nigeria’s first battery recycling facility

All On commits $1.5m to Hinckley to build Nigeria’s first battery recycling facility

Hinckley E-Waste Recycling Limited has secured a $1.5 million equity investment from All On, an impact investment company backed by Shell. The funding will be used to develop Nigeria’s first large-scale battery recycling facilities. The investment, announced on Tuesday in Lagos, is expected to accelerate the transition to a circular economy in the country’s fast-growing clean energy sector. Hinckley will use the funding to build state-of-the-art plants for recycling lithium-ion and used lead...
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