Startup bags €8.5M to bolster Europe’s EV battery upcycling

In a big boost to sustainable mobility, 130 million EVs are expected to hit Europe’s streets by 2035, reaching about half of the total vehicles on the continent. However, this also translates to 130 million dead batteries, which — unless recycled — could end up as a mountain of waste. Battery upcycling startup Circu Li-ion aims to help solve this challenge. The company has raised €8.5mn in seed funding to create a fully circular battery value chain for Europe’s growing EV market. Founded in 2021 and based in Luxembourg and Germany, the startup has developed an automated upcycling solution that…

This story continues at The Next Web