EcoNiLi Battery New Energy Sdn. Bhd.

EcoNiLi Battery New Energy, based in Malaysia, focuses on recycling lithium-ion batteries through advanced hydrometallurgical processes, turning end-of-life batteries into valuable resources for sustainability. EcoNiLi Battery Group specializes in lithium-ion battery recycling and was founded in 2021 in Ipoh, Malaysia. The company is led by CEO and founder Jayden Goh, who has a background in the energy sector. EcoNiLi has successfully engaged in one deal, with its most recent transaction occurring on February 1, 2026.

EcoNiLi Battery Group specializes in the recycling of lithium-ion batteries, focusing on transforming end-of-life batteries into valuable resources through advanced hydrometallurgical processes. Their primary offerings include the purchasing, recycling, refining, and reclaiming of metals found in black mass, which comprises nickel, cobalt, and other mixed metal scraps. Founded in 2019, EcoNiLi targets diverse markets across Southeast Asia and global markets, catering to battery manufacturers, recycling firms, and collectors. The company’s eco-friendly and certified technology ensures safe and efficient recycling of various types of lithium-ion batteries, contributing to sustainability by reducing waste entering landfills and minimizing environmental impact.

EcoNiLi engages in a structured B2B transaction model, focusing on partnerships with battery collectors and recycling companies. These relationships facilitate the ongoing purchase and recycling of spent lithium-ion batteries, ensuring a consistent supply of materials for their operations. The pricing structure is competitive, allowing EcoNiLi to acquire battery scrap at affordable costs, which forms the basis for their revenue stream. The company’s client base includes both battery collectors looking to sell scrap and customers interested in purchasing refined battery materials.

By optimizing these transactions, EcoNiLi positions itself as a reliable partner in the lithium-ion battery recycling market, enhancing both sustainability and profitability for its stakeholders. In February 2026, EcoNiLi raised an undisclosed amount of venture funding from new investor Kumpulan Modal Perdana. The company will use the funding to support the operations of its hydrometallurgical facility and advance its battery recycling activities. EcoNiLi plans to expand its reach into new markets within Southeast Asia and explore opportunities in additional global regions by the end of 2026.