Business · Companies · 2 hrs ago
Vynn Capital leads $2 million funding round for Malaysian battery recycler
Vynn Capital led a $2 million funding round for Econili, a battery recycler in Malaysia.
The company’s plants are in Ipoh, a city in the country.
Econili focuses on treating used batteries, rather than making new ones.
Its plants reportedly have capacity to treat 24,000 metric tonnes of batteries.
The funding round brings investment to a company working in battery recycling.
The available information does not say how Econili will use the money or what it plans to do next.
Vynn Capital led a $2 million funding round for Malaysian battery recycler Econili.
Econili's plants are in Ipoh, according to Tech in Asia.
The plants reportedly have battery treatment capacity of 24,000 metric tonnes.
The article does not state why the funding was raised or when the round took place.
- Who
- Vynn Capital led the round for battery recycler Econili.
- What
- Econili raised $2 million in a funding round.
- When
- Not stated
- Where
- Econili's plants are in Ipoh, Malaysia.
- Why
- Not stated
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Funding
- $2 million
- Lead investor
- Vynn Capital
- Company
- Econili
- Plant location
- Ipoh, Malaysia
- Treatment capacity
- 24,000 metric tonnes of batteries, reportedly