Release of Co and Li from spent lithium ion batteries (LIBs) by bioleaching has attracted growing attentions. However, the pulp density was only 1% or lower, meaning that a huge quantity of media was required for bioleaching. In this work, bioleaching behavior of the spent LIBs at pulp densities ranging from 1% to 4% was investigated and process controls to improve bioleaching performance at pulp density of 2% were explored. The results showed that the pulp density exerted a considerable influence on leaching performance of Co and Li. The bioleaching efficiency decreased respectively from 52% to 10% for Co and from 80% to 37% for Li when pulp density rose from 1% to 4%. However, the maximum extraction efficiency of 89% for Li and 72% for Co was obtained at pulp density of 2% by process controls. Bioleaching of the spent LIBs has much greater potential to occur than traditional chemical leaching based on thermodynamics analysis. The product layer diffusion model described best bioleaching behavior of Co and Li.