← State of Embedded Finance 2026

Ecobat 2

Can Ecobat use embedded supply chain finance programs to close its cash conversion gap and strengthen global supplier relationships at scale?

Founded1938
HQDallas, TX, United States
Latest roundSecondary - Private
IndustryOther Energy Services / Battery Recycling
The story

Ecobat is a long-established global leader in battery recycling and sustainable energy resource recovery, operating a closed-loop collection, recycling, production, and distribution business. In recent years, Ecobat has moved to embed financial tools — specifically supply chain finance programs via LSQ and eCapital — to address a 30-day gap between payables and receivables and reduce supplier strain. These embedded finance partnerships reflect a broader operational shift toward using fintech infrastructure for working capital optimization rather than traditional balance-sheet financing.

Last 12 months
2024-05
2024
Product timeline
1938
Founded as a battery recycling and resource recovery company.· pivot
2024
Partnered with LSQ for supply chain finance to improve working capital and supplier health.· lending
2024
Implemented eCapital Supply Chain Finance (SCF) program to strengthen supplier relationships and optimize working capital.· lending
The stack
Lending
ecapitalSupply Chain Finance (SCF)Early payment / dynamic discounting for suppliers
Accounting gap: none