October 6, 2025: Impact investor All On has announced a $1.5 million equity funding boost in the company spearheading plans for lead and lithium recycling facilities in Nigeria.
All On said on September 17 its strategic investment in Hinckley E-Waste Recycling will help tackle growing global demand for solar batteries and the sustainable management of electronic waste.
The announcement came two months after Batteries International reported that investment firms Goodwell and Alitheia were also backing the projects through the uMunthu II fund, which provides smart equity to early growth stage companies throughout Africa.
The plants’ proposed construction and operating schedule were not disclosed, but All On said its involvement would help enable Hinckley to establish state-of-the-art facilities, the first of their kind in the country, including a lithium battery re-use hub.
The investment follows a report commissioned by the investor — ‘Market research on the circular economy of the renewable energy sector in Nigeria’.
All On said the report highlighted the environmental and health risks posed by improper disposal of solar components such as lithium ion and lead acid batteries and emphasized the need for commercially driven recycling initiatives to support a circular economy.
“As Nigeria’s clean energy sector expands, so does the volume of electronic waste,” said Caroline Eboumbou, CEO of All On.
“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.”
Oluseye Bassir, All On’s investment manager, said Hinckley’s model addresses both the environmental hazards of e-waste and the economic opportunity in recycling.
Beyond environmental impact, the project is also expected to reduce the cost of solar products, generate employment, and foster ecosystem development in Nigeria’s clean energy and recycling sectors.
Hinckley CEO Adrian Clews said the company intended to shift informal e-waste collection into organized systems and building recycling facilities that comply with global standards.
Clews did not give details of recycling technologies to be deployed, but said the facilities would manage Nigeria’s growing and increasingly complex e-waste stream safely, responsibly, and sustainably.
All On (formally All On Partnerships for Energy Access) was established with funding from oil giant Shell in 2016 as an independent non-profit to catalyze the growth of Nigeria’s off-grid energy market to provide affordable, reliable, and sustainable energy for low-income households and small businesses.
Batteries International reported last July that both the lead and lithium plants will be located in Nigeria’s Ogun State, with plans to collect and recycle up to 30,000 tonnes of e-waste per year.
Hinckley said then that Nigeria accounted for an estimated 500,000 tonnes of e-waste annually, making it the region’s largest e-waste producer and the third largest in Africa, after South Africa and Egypt.
