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Bosch Ventures Amplifies Commitment to Cleantech with Two Battery Recycling Inve ...

15.05.2024

Press release

Sustainability

Bosch Ventures Amplifies Commitment to Cleantech with Two Battery Recycling Inve ...

Stuttgart (Germany) / Boston (USA): Bosch Ventures, the corporate venture capital unit of the Bosch Group, announces two significant investments in the battery recycling sector within a week, marking a significant step towards sustainable technology development. "In an electrified world, battery recycling makes a significant contribution to conserving natural resources," explains Dr. Ingo Ramesohl, Managing Director of Bosch Ventures. "With our investments, we can help cylib and Li Industries to scale their production." Bosch Ventures led $36 million investment round in Li Industries On May 9, 2024, Bosch Ventures investment in Li Industries was announced. Li Industries is poised to tackle significant challenges in the Li-ion battery's circular supply chain with innovative, scalable solutions. “Li Industries is the first and only company in the U.S. capable of economically and sustainably recycling low/no cobalt batteries, such as Lithium Iron Phosphate (LFPs), at scale using their unique Direct E2ETM recycling technology,”, said Dr. Ramesohl. Bosch Ventures co-led the $36 million Series B funding round together with Khosla Ventures and LG Tech Ventures. “We are thrilled to be backed by such a strong group of investors,” said Dr. Zheng Li, co-founder and CEO of Li Industries. German cylib raised €55 million round less than 24 months after start of operations Founded in 2022, the company offers market-leading proprietary technology for end-to-end recycling of lithium-ion batteries and has already delivered a successful pilot line and completed projects with major automotive OEMs as well as battery manufacturers. cylib’s process is characterized by an efficient, resource- and climate-friendly recovery of raw materials, including lithium, graphite, nickel, cobalt and manganese from battery packs, black mass or production scraps. Lilian Schwich, CEO of cylib, said: “The funding round we announced today will empower us to embark on our next phase of expansion and deepen existing collaborations, as we grow our next-generation battery recycling at an industrial scale.” Bosch Ventures joined the oversubscribed round on cylib’s way to become Europe’s primary battery recycler. Rapidly growing market with high local interest With the rapid growth of battery-driven electric vehicles, eBikes, powertools and household appliances, the demand for battery recycling is soaring. Similar to the U.S., the EU has already ranked the materials inside EV batteries as strategic critical raw materials and set its latest stringent battery recycling regulations accordingly. cylib’s market-leading process enables battery producers, automotive OEMs and all companies operating in the battery value chain to recycle elements locally and achieve these requirements. "Our investments in cutting-edge battery recycling startups underscore our commitment to pioneering technologies that not only promise substantial market growth but also offer solutions to one of the most pressing environmental challenges of our time," stated Ramesohl. "We are excited to be at the forefront of this vital industry, and we are proud to support and connect multiple companies from different geographies in this space".

30.11.2017

Press release

Connected mobility

Bosch’s iDisc helps alleviate particulate-emission problem in cities

Stuttgart, Germany – Guardian angels have many faces. Perfectly round, the size of a plate, and thick as a thumb, the brake disc is one of them. Long before ABS, ESP, airbags, and other features, they were making driving safer and significantly shortening stopping distances, thereby helping prevent many traffic accidents. Today, however, there is another reason why brake discs are at the center of public attention: brake dust. Most particulate pollution from road traffic is caused by road, tire, and brake wear rather than fuel combustion. According to the Baden-Württemberg state environmental agency, brakes and tires are responsible for 32 percent of driving-related particulate emissions, roughly half of which is brake dust. Significantly reducing brake dust is therefore essential to improving the air, especially in cities. That is precisely why Bosch has developed the iDisc. Compared to a conventional brake disc, it generates up to 90 percent less brake dust. “It’s not just under the hood that Bosch is working to keep the air clean,” says Dr. Dirk Hoheisel, member of th6e Bosch board of management. “The iDisc is the brake disc 2.0. Its market potential is tremendous.” The iDisc is scheduled to go into production for a European manufacturer in November 2017.iDisc is turning the brake disc market upside down The unique selling point of the iDisc (the “i” stands for innovation) is a tungsten-carbide coating that is currently only available from Bosch. The technology is based on a conventional cast iron brake disc. To transform a conventional disc into an iDisc, the friction rings are mechanically, thermally, and galvanically treated before being coated. All this is part of a process developed by Bosch researchers over a period of many years. In terms of price, the iDisc is roughly three times more expensive than a normal cast iron brake disc, and three times less expensive than a ceramic brake disc. The price is likely to continue falling as production volume increases. “The iDisc has everything it takes to replace the conventional cast iron brake disc and become the new standard in the brake disc market,” says Hoheisel. “Given the continued particulate pollution debate in many countries and large cities around the world, there is nothing standing in the way of its breakthrough” – especially since brake discs will be needed in cars for decades to come, and production volumes are continuing to rise. For cars alone, demand for brake discs stood at more than 330 million units worldwide in 2016. No gouging marks, no rust Another argument in favor of the iDisc is its many positive qualities. In addition to a dramatic reduction in brake dust, the carbide coating also ensures greater operating safety. The braking performance is similar to that of a ceramic brake, especially when it comes to fading, as the reduction in stopping power following repeated braking maneuvers is known. Like a ceramic brake disc, the iDisc is highly stable in this respect and loses little deceleration performance. Wear is also significantly reduced. Depending on the strength of the carbide coating, the iDisc’s service life is twice that of a normal brake disc. Gouging marks on the friction ring? Not a chance. Corrosion is also not an issue – a major advantage, especially in electric cars. Because they recover braking energy in a process known as recuperation, electric cars put less strain on the brakes and often have to contend with rust formation on friction rings. The temporary slight decline in responsiveness during braking associated with this does not occur with the iDisc. Dirty rims are a thing of the past Fans of rims will also love the iDisc. The brake disc’s shiny carbide coating makes it a treat for the eyes. Wear-resistant and corrosion-free, it remains beautiful even after years of use, making it a perfect match for the trend toward open rims. Best of all, the 90 percent reduction in brake dust with the iDisc eliminates the need to regularly clean rims with aggressive cleaning products. Protecting the environment can also have practical benefits.