Malaysian Battery Recycler Econili Raises New Venture Funding

On 3 November, Malaysian lithium-ion battery recycler Econili Battery New Energy announced an extension funding round led by Vynn Capital, bringing its total funding to RM8 million (approximately US$1.96 million). The amount raised in the latest round was not disclosed. The company plans to use the proceeds as working capital to secure additional battery feedstock and increase processing at its facilities in Ipoh, Perak. The funding creates opportunities in circular-economy technology, battery recycling, critical-mineral recovery and sustainable manufacturing. HPC can support startup research, business-plan development, financial projections and investor-readiness assessments.