#cylib

Aachen-based Cylib has just secured an additional €8 million to supercharge its vision of more sustainable electric mobility. The GreenTech innovators have shaken up the mobility space through its process of recycling lithium traction batteries.  Adopting electric forms of transport is one of the key ways society can become greener and more sustainable. It reduces… This content is for members…

In 2024, a number of new EU regulations are expected to come into force, which will tighten the obligation of electric vehicle manufacturers and resellers to recycle batteries at the end of their natural lifespan. German battery recycling startup Cylib leapt at the opportunity, raising a total of €11.6 million ($12.6 million) to build a recycling factory. “For too long, battery recycling hasn’t…

VSquared Ventures unveils new €165 million fund for early-stage deeptech

Munich-based VC firm, VSquared Ventures has today launched its newest fund – a €165 million early-stage fund aiming to support deeptech innovators addressing global problems. This is the firm’s third early-stage fund and aims to generate tangible long-term impact.  Solving today’s global challenges requires a collaborative and innovative approach. We are currently facing unforeseen…

German startup cylib closes €3.6 million for its fresh approach to battery recycling

Greentech startup cylib is on a mission to revolutionize how lithium-ion batteries are recycled in Europe, making the process more efficient and sustainable. The Aachen-based startup has just raised €3.6 million as European startups continue to pave the way forward in greentech. Greentech is one of Europe’s fastest-growing verticals. It’s a market area that is… This content is for members only.…