ADI partnered with a battery recycling innovator to build a strategic go-to-market roadmap. Our work helped them analyze their technology, define their value proposition, and prepare for successful market entry and fundraising.
The client
We partnered with a battery recycling start-up that was looking to communicate their story for potential investors.
The situation
The client had developed a new technology to refine black mass and intermediate commodity products into cathode active materials (pCAM) for EV batteries. They needed a strategic roadmap to go to market, analyze their technology’s competitiveness, and define a compelling value proposition for various players across the EV value chain, including OEMs, cell producers, miners, refiners, and black mass producers.
ADI’s contributions
Bottom-up cost and emissions modeling
We created a detailed model of the EV battery value chain to assess the impact of their technology and pinpoint key value drivers. This model considered various processing routes to ensure an exhaustive and robust analysis.
Market strategy development
We developed a comprehensive go-to-market strategy for both the upstream (recycling, black mass producers, refiners) and downstream (OEMs, cell producers) portions of the market. This included a detailed competitiveness analysis and market outlook.
Investor pitch material
We crafted investor pitch materials with a detailed strategy, scaling plan, and a compelling value proposition. These materials were specifically tailored for both upstream and downstream investors.
Key outcomes
- Our work enabled the client to present a clear, compelling, and data-driven equity story. This equipped them to effectively communicate their strategic vision and unique value proposition to potential investors and partners, positioning them for successful fundraising and market entry.
More insights
Newsletter: Lubricants beyond automotive & chemical M&A
In the October 2026 edition of the ADI Chemicals Newsletter, ADI examines how HF Sinclair, BP, and Saudi Aramco are shifting toward industrial, thermal-management, and specialty-fluid applications as engine-oil demand growth slows. Recent M&A includes Nippon Paint Holdings’ agreement to acquire AkzoNobel’s decorative paints business in Southeast Asia and Oceania, alongside Heidelberg Materials’ and CRH’s […]
EU methane rule delay: A tactical retreat or climate setback?
The European Union (EU) Methane Regulation is known for its strict methane emissions transparency requirements for foreign oil and gas imports, and has driven methane emissions monitoring and reporting efforts, especially among oil and gas players serving the EU market. Under Article 28 of the EU Methane Regulation, importers are required to demonstrate that fossil […]
Notes from the Gas to Grid Summit
Gas-to-grid infrastructure has received limited attention amid rapid growth in data-center power demand. Pipelines, storage, fuel delivery, generation, and grid connections determine when new load can receive reliable power. ADI Analytics and Energy Conference Network launched the inaugural Gas to Grid Summit to examine this part of the value chain. Participants included midstream operators Williams […]