Sustainable end-to-end battery recycling company Cylib has secured €55 mil in Series A equity financing!

This round marks the largest ever raised by a European battery recycling firm and was completed in less than 24 months since the company's inception.

With the demand for battery recycling on the rise, improving the recycling of minerals used in electric batteries is crucial to avoid merely replacing reliance on fossil fuels with dependence on other scarce mineral resources.

Cylib, established in 2022 in Aachen, was founded by CEO Lilian Schwich — a prominent figure in European battery recycling research — CTO Paul Sabarny, and COO Dr. Gideon Schwich, following almost a decade of research at the prestigious RWTH Aachen University.