A portfolio company of Dallas private equity firm Tailwater Capital LLC is leading a $20 million investment in another Dallas-based company, Momentum Technologies. The money will fund Momentum’s first two battery recycling plants and the future build-out of more commercial recycling facilities as it brings its technology to the broader market. The rising popularity of electric vehicles means the auto industry will be looking for solutions to battery supply constraints, said Tailwater Capital partner David Cecere in a statement. Momentum is still a young company, founded in 2016, but is trying to commercialize its technology. Momentum installs and operates recycling plants for customers using its patented recycling technology known as Membrane Solvent Extraction, which extracts high-purity metals from electronic or battery waste.

Source: Ethiopian News December 15, 2021 22:27 UTC