Battery Recycling Company Mecaware Raises $42 Million
The funding will help the company commercialize its pilot battery production scrap recycling program
October 10, 2023
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Mecaware, a battery recycling company, secured €40 million (~$42 million) in funding for the recycling of battery production scrap (Gigafactories Scrap – ScrapCO2MET project). The project is expected to be operational in 2025. The project is expected to produce 50 tons of recycled metal per year, including lithium, nickel, cobalt, and manganese.
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