An arm of Koch Investments Group has agreed to purchase a $100 million convertible note in Li-Cycle Holdings Corp., a recycler of electric-vehicle batteries that went public by merging with a blank-check firm earlier this year.
Koch Strategic Platforms’ investment will accelerate the growth of the Mississauga, Ontario-based company’s footprint in North America and elsewhere, Ajay Kochhar, co-founder and chief executive officer of Li-Cycle, said in an interview.
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September 29, 2021 at 05:00PM
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Koch Arm Agrees $100 Million Bet on Battery Recycler Li-Cycle - Bloomberg
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