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Renewance: The Battery Lifecycle Company
A deep dive into the industrial battery recycling startup with 78 employees and $10.9M in revenue
While the EV revolution dominates headlines, the industrial battery lifecycle problem remains a silent crisis. Renewance isn't just recycling batteries—they're building the operating system for the entire industrial energy storage ecosystem, managing everything from first use to final recycling.
"They're not just recycling batteries—they're building the infrastructure for a circular energy economy."
The Industrial Focus
Renewance operates in the B2B industrial space, servicing large-scale battery energy storage systems. Unlike consumer battery recyclers, they handle complex industrial assets where downtime costs millions. Their platform, Renewance Connect, manages the entire lifecycle from installation to decommissioning, creating a closed-loop system that maximizes asset value while ensuring regulatory compliance.
The Revenue Reality
With $10.9M in revenue and 78 employees, Renewance generates approximately $140K per employee—a respectable efficiency ratio for a hardware-adjacent services company. However, their $18.1M funding against this revenue suggests they're still in growth mode, likely investing heavily in platform development and customer acquisition. The absence of traffic metrics hints at a sales-driven model rather than inbound marketing.
The leadership team brings industrial and operational expertise. CEO Jamal Burki and COO Tom Newhall co-founded the company, while Sander Jacobs leads commercial strategy. This founder-led structure suggests deep domain knowledge but may limit scaling velocity compared to venture-backed teams with seasoned operators.
- Technology-powered battery recycling company with proprietary lifecycle management platform
- Full-service approach: from battery stewardship to decommissioning and recycling
- Industrial focus: servicing large-scale energy storage assets, not consumer electronics
- B2B model: likely selling to utilities, renewable energy developers, and industrial operators
The Infrastructure Play
Renewance is betting that industrial battery recycling requires more than just collection—it demands an integrated technology platform. Their revenue validates the model, but scaling will require moving beyond services to true infrastructure ownership.
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Battery Storage Company | Lithium Ion Battery Recycling Company
Renewance, a leading industrial battery lifecycle service solutions company, helps you manage key battery energy storage asset activities throughout the full battery lifecycle.
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About renewance.net
Renewance, a leading industrial battery lifecycle service solutions company, helps you manage key battery energy storage asset activities throughout the full battery lifecycle.
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