Battery Recycling Startup Cicu Li-ion Raises $9 Million Seed Funding
The company aims to upcycle 3 billion batteries by 2035.
October 27, 2023
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Circu Li-ion, a battery recycling startup, raised €8.5 million (~$9 million) in seed funding. The funding includes €4.5 million (~$4.8 million) in equity, which was led by BonVenture, and additional backing from an undisclosed investor. The investment is complemented by €4 million (~$4.2 million) in grants from the EICA (European Innovation Council Accelerator) and collaborations with recyclers and OEMs.
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Utsav Sinha
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