Hinckley E-Waste Recycling secures US$1.5M investment to build Nigeria’s first battery recycling plants

NIGERIA – Hinckley E-Waste Recycling Limited, a pioneer in electronic waste management, has secured a US$1.5 million equity investment from All On, the impact investment firm dedicated to expanding clean energy access across Nigeria.

The funding will enable Hinckley to establish the country’s first state-of-the-art Lithium-ion Battery Recycling and Reuse facility, alongside a Used Lead-Acid Battery Recycling plant.

Together, these facilities will address two pressing challenges: the safe management of Nigeria’s mounting e-waste and the growing demand for sustainable solar battery solutions.

The initiative stems from recommendations in The Market Research on the Circular Economy of the Renewable Energy Sector in Nigeria, a study commissioned by All On, which highlighted the urgent need for commercial-scale recycling infrastructure.

Improper disposal of solar components such as lithium-ion and lead-acid batteries has been linked to severe environmental pollution and health risks, particularly in urban centers where informal recycling dominates.

“As Nigeria’s clean energy sector grows, so does the volume of electronic waste,” said Caroline Eboumbou, CEO of All On.

“Our investment in Hinckley responds directly to our research findings and reinforces our commitment to building a sustainable battery supply chain that promotes environmental stewardship, local value creation, and inclusive growth.”

Hinckley CEO Adrian Clews said the partnership will formalize e-waste collection and introduce globally compliant recycling practices to Nigeria.

“By improving the country’s recycling infrastructure, we can safeguard public health, reduce environmental degradation, and support thousands of people who currently depend on informal e-waste collection for their livelihoods,” he noted.

Beyond the environmental benefits, the project is expected to lower the cost of solar products, create green jobs, and strengthen the country’s recycling and clean energy ecosystem.

According to All On’s Investment Manager Oluseye Bassir, the initiative will also help prevent a looming pollution crisis.

“This investment ensures that the mass adoption of renewable energy systems does not lead to unsafe battery disposal. It is a step toward a more sustainable sector.”

Hinckley, Nigeria’s first government-approved e-waste recycler licensed by NESREA, LASEPA, and LAWMA, is a member of the E-Waste Producer Responsibility Organization of Nigeria (EPRON) and the Alliance for Responsible Battery Recycling (ARBR).

With All On’s backing, the company is positioning Nigeria as a regional leader in sustainable e-waste management and circular energy solutions.

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