GET A PIECE OF REDIVIVUS, INC.
Accelerating sustainable technology through cost-effective recycling
$577,338.86 Raised
REASONS TO INVEST
Redivivus provides cost-effective, environmentally-friendly, full service lithium-ion battery recycling services with high manufacturing margins
Total global nickel demand for superalloys and stainless steels is approximately 1.617 kilotons at current market price of roughly $32 billion. Redivivus is planning to open two plants, and if and when it does, it expects that its novel, no-burn metal recovery process could potentially supply 0.3% of the total available market in 2026.
Opportunity to invest in the improvement of our planet’s waste stream, as 93% of Americans show a concern for the current state of the environment and climate
Overview
A new approach to lithium-ion battery recycling
The Redi-Cycle™ process receives material from Redi-Shred™ and reclaims each of the elements from the batteries: Copper, Aluminum, Steel, Plastics, Nickel, Cobalt, Lithium, Graphite and other materials. All product streams will find a second life, however the initial targeted final product will be a Nickel/Cobalt metallic ingot, called Redivivus Nickel. Our approach provides a complete solution for battery materials classified as dangerous goods and an immediate, efficient, and safe process to reclaim materials found in existing and upcoming battery waste. Our team is well positioned within the industry to solve the lithium-ion battery waste problem with an existing client base in battery design and strategic partners in the alloys industry - meaning we have a close connection with the technology of today to adapt, innovate, and build a brighter future for recycling.
THE PROBLEM
Recycling lithium-ion batteries is difficult and costly
There are two key problems to consider when developing a complete solution to battery recycling. The first is safe and organized battery logistics. This involves the collection, neutralization, shredding, and transportation of batteries that have the potential to catch fire or explode. This is especially important when considering the increasing levels of electric vehicles on the road. We estimate that by 2030, there will be 1.15 million metric tons of electric vehicle batteries in need of recycling in the US. An innovative solution is needed to eliminate the standard industry practice of battery disassembly before recycling to consider human safety and overcome the challenges of training on many variants of battery packs. Our Redi-Shred™ process is set to overcome the challenges of logistics and passivation.
The second problem to consider is material recovery. There are three main ways currently used in the industry to recycle batteries—pyrometallurgy, hydrometallurgy and direct recycling. Pyrometallurgy is the most common strategy used in commercial efforts. This recycling process produces high purity material at the cost of emissions and is considered the least environmentally friendly. Hydrometallurgy uses an aqueous solution to extract metals that typically requires high chemical, water, and capital demands. Direct recycling involves recovering cathode materials without breaking down the chemical structure, however, this method is typically best used for cell manufacturing fallout due to performance issues of degraded or used cells. Current lithium-ion battery recycling processes require high-temperature melting-and-extraction or single-use processes, generating a significant waste stream. Our novel no-burn, hybrid Redi-Cycle™ process recovers battery materials in a mostly closed-loop process for secondary markets, reducing the reliance on metal mining.
THE SOLUTION
A cheaper, more efficient way to recycle lithium-ion batteries
We’ve curated a complete battery recycling service through the development of a mobile battery shredder and cost-effective recycling process. Redi-Shred™ is our novel solution to the problem of transporting battery materials. Redi-Cycle™ converts battery material shreds at a high purity to secondary materials through a hybrid solution of hydrometallurgical and electrochemical recycling, reducing mining demand and increasing end user savings. The final product is a Nickel and Cobalt metallic alloy, called Redivivus Nickel, that bypasses the challenging and costly process of separating the elements. Redi-Cycle™ is more environmentally friendly and cost-effective when compared to other battery recycling technologies.
Redi-Shred™ has two main sources of revenue: white-glove battery collection and the sale of “inert battery material.” The first is a pick up fee charged to companies and municipalities to collect, disassemble, neutralize, and remove used batteries on-site. Redi-shred™ also generates revenue through the sale of inert battery material. This material can be sold to other battery recyclers or used as Redi-Cycle™ feedstock as Redi-shred™ removes a processing step from the front-end of any direct or hydrometallurgical recycling process. Additional pre-processing can be investigated to fit into more sensitive, alternative recycling processes. Pricing will include white-glove battery collection, logistics and sale of material.
Revenue for Redi-Cycle™ includes the sale of Redivivus Nickel, a metal ingot of a Cobalt/Nickel alloy sold to superalloy, stainless steel and lightweight steel companies. As cells become more Nickel rich, our company is set to expand its market share in the metals industry. Additional sources of revenue are expected to come from the sale of scrap materials from the process including: Copper, Aluminum, Iron, Manganese, Lithium, and more. We intend to sell our products at commodity prices and bring opportunity for material science and future alloy development through industry partnerships.
OUR TRACTION
Tremendous strides in early days
To say we’ve hit the ground running would be a massive understatement. In the past year alone, we have registered a trademark for Redivivus, filed and received a provisional patent for our Redi-Cycle™ technology, and signed two strategic partnerships to recycle the Lithium-ion batteries for Arcimoto and Power.Global. We have also been fortunate enough to receive many customer inquiries due to our exposure on YouTube and other prominent websites such as Businesswire, Yahoo Finance, and Business Insider.
We are also proud to say that our completed proof of concept demonstrated a 92% minimum recovery rate of Nickel and Cobalt at high purity to create Redivivus Nickel! Additional elements such as Copper, Manganese, Iron and Lithium were recovered at high levels but not yet fully optimized; future development is expected to increase recoveries. The success of this PoC and third party lab validation helps to further strengthen Redivivus’ business and technical advantage to drive new revenue opportunities with metallurgical consumers. Our approach provides a complete solution for battery materials in a variety of conditions and an immediate, efficient, and safe process to reclaim materials found in existing battery chemistries and is adaptable to future battery waste.
THE MARKET
Generating new revenue with old metals
Unlike many commercial and R&D efforts, Redi-Cycle decouples recovered materials from battery production flow and inserts them as an alloying feedstock into metallurgical operations of the stainless steel and superalloy industries. It is important to note that Nickel and Cobalt are infinitely recyclable and can be placed back into battery production flow as cost-effective technologies develop. We use a hybrid solution of hydrometallurgical and electrochemical battery recycling that's low-cost and better for the planet. In addition to battery recycling, we also provide valuable materials to the metals industry and provide a white-glove battery shredding service.
Redi-Shred is a mobile truck that helps provide a white-glove service for battery disassembly and transportation logistics. A Redi-Shred vehicle is dispatched to the point of waste generation (the customer or waste collection site), shreds the batteries on-site and safely neutralizes the material prior to transport. There are 3 main steps to Redi-Shred: rendering the batteries inert through freezing, shredding the batteries, and finally neutralizing the solution to ensure the material is no longer corrosive. All battery materials are recovered and have the opportunity for second use. Our initial recovered battery elements (Ni, Co) transform our primary market by creating an opportunity for new generation metals.
Our flexible technology allows us to employ a one-of-a-kind mobile solution that safely and effectively recovers lithium-ion batteries without using reactant hydrometallurgical techniques. Also, by selling the repurposed Nickel and Cobalt metallic alloys, we are able to generate a large amount of revenue outside of the battery recycling industry. This revenue stream increases our profit margins as we are able to recover and de-couple materials from batteries in any state of health. Equally as important, our recycling processes reduce harmful emissions, thus significantly reducing the overall environmental impact related to battery processing and recycling.
WHY INVEST
Help us create a greener future
Now more than ever, people are focusing on the environment. It’s not just a social cause anymore, it’s a lucrative endeavor with potentially massive returns. Our patented technology and continuous research & development gives us an unprecedented level of flexibility and dexterity to solve recycling obstacles. The world will continue to rely on lithium-ion batteries, and as it does, we will be there to recycle and resell materials. Investing in Redivivus is an opportunity to invest in a cleaner, more sustainable future with a team with a proven track-record for solving the industry’s toughest challenges.
ABOUT
HEADQUARTERS
2012 North Cascade Avenue
Colorado Springs, CO 80907
WEBSITE
View Site
We believe Redivivus is the complete solution to lithium-ion battery recycling. Our proprietary technologies provide full-service logistics, battery passivation and material recovery service for end-of-life lithium-ion batteries. The ultimate success of the Redivivus mission is the safe transportation of battery material and cost-effective recycling that supports long term, multi-planetary life. The team experience spans the entire battery lifecycle from cell & battery design, system architecture and component testing, processing and manufacturing, metallurgy, and supply chain management.
TEAM
Erika Guerrero
Chief Executive Officer
Erika's primary occupation is at Electric Goddess. She works 25 hours per week for Redivivus.
Eric Krepps
President & Chief Financial Officer
Eric Krepps splits his time between Second Act LLC, Vytalization Consulting, Desert Day Dreamer, and Redivivus, working part time for all of them. Most of his time is currently spent on Redivivus (20 hours per week), and he plans to go full-time once they secure adequate funding.
Alex Graf
Senior Metallurgist
Erik Fleming
Chief Operations Officer & Treasurer
Erik's primary occupation is working at ERF Consulting. He works 10 hours per week at Redivivus.
Krystal Guerrero
VP of Marketing
Evan Krepps
VP of Engineering
Luke Workman
Chief Battery Scientist
JP Sado
Board Member
JP's primary occupation is working at Can Art Aluminum Extrusion. He works 10 hours per week at Redivivus.
TERMS
Redivivus, Inc.
Overview
PRICE PER SHARE
$0.55
DEADLINE
Jul 9, 2022
VALUATION
$5.06M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$225
MAX INVESTMENT
$107,000
MIN NUMBER OF SHARES OFFERED
18,181
MAX NUMBER OF SHARES OFFERED
1,945,452
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Voting Rights of Securities Sold in this Offering
Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
Time-Based
Friends and Family Early Birds
Invest within the first 7 days and receive an additional 15% bonus shares.
Super Early Bird Bonus
Invest within the next 7 days and receive an additional 10% bonus shares.
Early Bird Bonus
Invest within the next 3 days and receive an additional 5% bonus shares.
Amount-Based:
$5,000+
Receive 5% bonus shares
$10,000+
Receive 10% bonus shares
$20,000+
Receive 20% bonus shares
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Redivivus, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $.55 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $.55. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Any expense labeled “Travel and Entertainment”.
PRESS
ALL UPDATES
REWARDS
JOIN THE DISCUSSION
0/2500
Erika Guerrero
5 months ago
Hello Alireza, thank you for your patience. Please be sure to check the email inbox of the address shared with StartEngine. Redivivus shares investor updates directly to our investors email. The Q1 2023 update is scheduled to be shared within the next week.
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Alireza Khadem-Ghaeini
5 months ago
We are overdue for an update.
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Prince Alexander
a year ago
Hi Everyone at Redivivus,
Funding now closed, I’m an investor now. Happy to be.
But do we have any updates to us shareholders?
Are our shares being accepted?
Business updates? I know the website was recently redesigned.
Please keep us informed of progress.
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joseph Puccio
a year ago
Hey team so I have a few questions about the company before I make the leap to invest in your team.
Have you converted any customers?
What's the sales infrastructure and pipeline?
Where do you find customers?
How do you gain market share?
How much capital is required before getting profitable? Breakeven size? COGS? Opex? Operational infrastructure needs?
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DAVID MBOH
a year ago
Few days to go, and the total amount raised dropped from the mid 500k to the higher 400k. Funny how it seems only a few see an opportunity here. I wish Redivivus, Inc. Team execute on their concept and make other investors wish they didn't cancel their investments or invest in the first place.
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Arghya Chatterjee
a year ago
hi team,
Wonderful idea,but why your technology is unique and how you are going to face your competitors in this industry.
What is your vision for upcoming 5 years and when you will be able to get your company listed in exchanges?
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Prince Alexander
a year ago
Hi ,
Can you answer a few more questions:
1. Can you explain further what is meant by delveop IP on Redi-Cycle? Are there plans for the future to develop Redi-Cycle? Is it dependent on cash received on the Redi-Shred business or is it additional venture capital needed or both?
2. Are the deals signed with businesses such as Arcimoto to be their exclusive recycler still in tact?
3. Just want to confirm, buying shares here includes access to Redi-Cycle and this will not be spun into a separate company.
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Brian Hogan
a year ago
Hi, Can you help with a few questions before I reconfirm my investment?
1. Does the offering still include ownership in both Redi-cycle & Redi-shred even though the focus at this time will be on Redi-shred?
2. By its self a stock split has no impact on the value of the company. A split just changes the amount of shares outstanding and their price. Can you help me understand how valuation is changing? Are previous investor’s prior to this round that are currently on the cap table not receiving any additional shares as part of the reverse split? If so the way you have worded the change to the offering is very misleading. In reality you are just revaluing this open round which impacts investors that already committed funds. Can you please clarify?
Thanks
Brian
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Radha Parameshwarappa
a year ago
Hi,
I have invested earlier, if I reconfirm now, does it updates my earlier sock price and number of stocks as well?
Earlier:
225$ ---> 225/2.25 ---> 100 stock---> with 15% of Early Investor: 115 Stock
After reconfirming, will it be 225$ ---> 225/0.55 ---> 409 Stocks---> with 15% of Early Investor: Approximately 470 Stock for me at the end.
Thanks,
Radha
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Meghan Harrison
2 months ago
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