Ruilong Technology
A company offering battery recycling services to respond to large-scale industrial utilization.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY200m | Series A | |
| Total Funding | 000k | ||
Established in 2016, Ruilong Technology has positioned itself as a key enterprise in the battery recycling sector from its headquarters in Ganzhou, China. The company's core mission is to advance the large-scale industrial utilization of decommissioned automotive power and digital batteries through integrated recycling services.
Ruilong Technology operates a comprehensive business model that includes the design, engineering, and supply of equipment, alongside providing technical services for battery recycling projects. The firm's operations are substantial, with four factories in Jiangxi Province enabling an annual processing capacity of 100,000 tons of waste batteries. Through its proprietary processes, the company recovers valuable battery-grade materials. Its production output includes significant quantities of lithium carbonate, cobalt sulfate, and nickel sulfate annually. This dual focus on service provision and material production allows it to serve the broader new energy industry.
The company's primary service involves a sophisticated hydrometallurgy and electrified crushing technology. This process is designed for the efficient dismantling and recycling of waste batteries, aiming for high recovery rates of essential elements like cobalt, nickel, and lithium while maintaining low operational costs. The business generates revenue through the sale of these recycled battery-grade materials and by providing its specialized recycling systems and technical packages to clients in the environmental services and clean-tech industries.
Strategic investments from notable venture capital firms, including Xiaomi Ventures, Midea Capital, and NIO Capital, underscore the market's confidence in Ruilong's approach and technological capabilities. These partnerships provide the financial backing for its continued expansion and process optimization within the critical field of sustainable energy resources.
Keywords: battery recycling, lithium recovery, cobalt recycling, nickel recycling, hydrometallurgy, clean technology, environmental services, circular economy, new energy industry, waste battery processing, sustainable materials, electric vehicle battery recycling, battery materials, lithium carbonate, cobalt sulfate, industrial recycling services, e-waste, green technology, resource recovery, Ganzhou