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Altilium Receives $5 Million Investment to Build UK’s Largest EV Battery Recycling PlantAltilium Receives $5 Million Investment to Build UK’s Largest EV Battery Recycling Plant
UK-based clean energy startup, Altilium, has raised $5 million as part of the company’s Series B funding round that will push forward its mission to deliver sustainable battery materials and build an EV battery recycling plant.
January 8, 2025
1 Min Read
UK-based clean energy startup, Altilium, has raised $5 million as part of the company’s Series B funding round that will push forward its mission to deliver sustainable battery materials and build an EV battery recycling plant.
The planned plant from Altilium is slated to be the largest EV battery recycling plant in the UK. The plant will have the capacity to process scrap from over 150,000 EVs annually.
This latest investment comes from Japanese trading and investment group Marubeni Corporation.
“We are proud to welcome Marubeni as a strategic partner at this pivotal stage in Altilium’s growth journey. Their investment strengthens our position as leaders in sustainable battery materials and reinforces our commitment to building the UK’s largest EV battery recycling facility,” said Kamran Mahdavi, CEO of Altilium.
Together, we are advancing our mission to create a UK closed-loop supply chain, reduce dependency on imported materials and lowering the environmental footprint of battery production. This partnership marks a major milestone in establishing a truly circular economy for the UK’s battery industry.”
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