Electric vehicles (EVs) are on the rise.
In 2019, 500K+ cars were sold in Europe alone.
But after 10 years of use, EV batteries need to be replaced.
This means that in 2025, ~200K batteries will be retired, still with 80% of their remaining capacity.
At the same time, programs incentivizing the installation of renewables - like Feed-in-Tariffs - are ending across the continent.
This necessitates new solutions and new business models to manage the extra electricity.
And so the demand for energy storage systems is booming.
ReLi gives new life to EV batteries.
We take retired EV batteries, dismantle them, test individual cells, and then reassemble into a modular battery box.
Our sustainable, affordable, and reliable energy storage solution increases asset value, reduces waste, and promotes a circular economy.
CO2 Emissions decrease,
compared to a new battery
Expected # of batteries
to be refurbished in 2025
Increase in EV purchases,
for the 3rd year in a row