Cresco acted as lead legal counsel in the formation of Xbat.ai, a joint venture between SORTBAT, a European leader in battery sorting, and VITO, the Flemish Institute for Technological Research.
Xbat.ai introduces a world-first AI-powered X-ray sorting system. The technology enables fast, cost-effective and safe sorting of all types of household batteries, from coin cells to complex packs, regardless of shape, size or chemical composition.
By setting a new global standard for battery recycling, Xbat.ai marks a major step forward for circular economy and cleantech innovation in Europe. The platform is also poised to expand into other high-tech applications across the battery and recycling value chain.
Congratulations to the teams at SORTBAT, VITO and Xbat.ai on this pioneering milestone!
The Cresco deal team was led by Olivier Van Raemdonck, Hussein Dagher and Emma Antonneau.
Read more here
For any further information or questions, feel free to contact Olivier Van Raemdonck.
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2018 Antwerp
Kempische Steenweg 293/16
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Foreestelaan 1
9000 Gent
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