Battery Recycling Startup Cylib Secures $60 Million Series A Funding
Funds will be used to scale production capacities to an industrial level and to add key hires to the expert team
May 17, 2024
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Cylib, a Germany-based battery recycling startup, secured €55 million (~$59.79 million) in a Series A funding round co-led by World Fund and Porsche Ventures. The round was joined by Bosch Ventures, DeepTech & Climate Fonds, NRW.Venture, existing investors Vsquared Ventures, Speedinvest, 10x Founders, and established business angels. The total funding raised to date amounts to about €74 million (~$80.43 million).
Where clean energy's most influential leaders get their intelligence
Exclusive reporting, market intelligence, and insider access that shapes billion-dollar decisions in renewable energy and clean technology.
Already have an account? Sign In
Dibin DB
More articles from Dibin DB.
