ACE Green Recycling

Global Operations (HQ: USA / Commercial operations across India, Taiwan, Thailand, Armenia, Australia)

Investment announced December 2021

ACE Green Recycling is a global battery recycling technology platform whose proprietary, clean-electrified process produces zero Scope 1 emissions and creates sustainable end-of-life solutions for both lead and lithium batteries, closing a critical loop in the circular economy.

Unlike conventional smelting, ACE’s fully electrified process operates at room temperature, achieves higher recovery yields, eliminates toxic solid and liquid waste, and delivers significantly safer working conditions. Its modular, rapidly deployable systems allow countries to build domestic recycling capacity, recovering critical materials including lithium, cobalt, nickel, and lead.

Since Circulate Capital’s initial investment, ACE has transformed from an early-stage clean-tech innovator into a commercially operating, revenue-generating global platform spanning three continents. With $31 million in FY 2026 revenue and a flagship U.S. facility in Texas on track for 2027, ACE is uniquely positioned as one of the few players in the world capable of processing both the mature $20+ billion lead battery recycling market and the rapidly growing lithium recycling market.

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