Samsar Resources
Repurposed lithium-ion battery circular economy solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | Early VC | ||
| Total Funding | 000k | ||
Samsar Resources, founded in 2020 by Mobility Impact Partners, is a developer of a reverse supply chain for electric vehicle and other lithium-ion batteries. The company's primary focus is on creating a profitable circular economy by extending the life of these batteries through repurposing. By employing lean operational logistics, innovative asset financing, and battery module redesign, Samsar Resources aims to unlock the residual value in used batteries.
The company's business model involves managing and monetizing the entire afterlife of EV batteries, from the moment they are removed from a vehicle until they are ultimately recycled. This process includes securing used batteries, creating a digital 'Battery Passport' to track them, and then screening, sorting, and certifying them at a distribution center for assembly into 'NthLife™' second-life battery applications. Samsar offers these repurposed batteries through a leasing service, which eliminates large upfront capital expenditure for its clients by spreading costs over time with monthly payments. This service also includes battery replacement and logistical support for end-of-life recycling. The company provides cradle-to-grave support for automotive companies to optimize the lifetime value of their EV batteries.
Samsar Resources is a privately held company based in New York and has received venture funding from investors including Mobility Impact Partners and Escavel Capital. The company's mission is to help accelerate global electrification and reduce greenhouse gas emissions by creating added revenue streams and lowering the barriers to electrification in various markets.
Keywords: lithium-ion battery repurposing, circular economy, battery lifecycle management, second-life batteries, EV batteries, battery-as-a-service, energy storage, reverse logistics, clean tech, sustainable energy, NthLife batteries, Mobility Impact Partners, battery recycling, asset financing, greenhouse gas reduction, battery management, electrification, waste reduction, sustainable technology, battery value chain