Hinckley E-Waste Recycling Limited has secured a $1.5 million equity investment from All On, an impact investment firm focused on expanding access to clean energy in Nigeria.
The funding will be used to establish Lithium-ion Battery Recycling and Reuse facilities as well as Used Lead Acid Battery Recycling plants, which Hinckley said would be the first of their kind in the country. The facilities are expected to tackle the rising demand for solar batteries and provide a sustainable approach to electronic waste management.
The move follows recommendations from All On’s report, Market Research on the Circular Economy of the Renewable Energy Sector in Nigeria, which warned of the environmental and health hazards linked to improper disposal of lithium-ion and lead-acid batteries. The report called for commercially viable recycling solutions to support the growth of Nigeria’s renewable energy industry.
All On Chief Executive Officer, Caroline Eboumbou, said the investment was designed to strengthen Nigeria’s clean energy value chain.
“As Nigeria’s clean energy sector expands, so does the volume of electronic waste. Our investment in Hinckley is a direct response to the findings of our circular economy research and reflects our commitment to building a sustainable battery supply chain that supports local value creation, environmental stewardship, and inclusive growth,” she said.
All On’s Investment Manager, Oluseye Bassir, added that the partnership would balance environmental concerns with economic potential.
“Hinckley’s model addresses both the environmental hazards of e-waste and the economic opportunity in recycling. This investment will help ensure that mass adoption of renewable energy systems will not create serious pollution problems caused by poor disposal of batteries and other e-waste in Nigeria. This will help make the sector more sustainable,” he said.
Hinckley’s Chief Executive Officer, Adrian Clews, said the project would formalise waste collection practices and bring them in line with international standards.
“Through this investment, we aim to strengthen our commitment to both environmental care and livelihood enhancement, shifting informal e-waste collection into organised systems and building recycling facilities that comply with global standards. Our goal is to manage Nigeria’s growing and increasingly complex e-waste stream safely, responsibly, and sustainably. At Hinckley, we recognise that enhancing e-waste recycling infrastructure could significantly reduce health and environmental risks and support the thousands of men and women who currently work in the waste collection sector,” he said.
The initiative is also expected to lower the cost of solar products, create jobs, and stimulate the growth of Nigeria’s recycling and clean energy ecosystem.
