German battery recycling startup Cylib gets $3.6M in funding

The German battery recycling startup Cylib which is developing a recycling process which can recover lithium and graphite from black mass with no need for use of chemicals, has received $3.6M in funding from the venture capital companies Speedinvest and Vsquared. Several founders and entrepreneurs from different mobility and battery companies also participated in the funding round. The process is the commercialisation of research done at the RWTH Aachen University in Germany.

The process developed by Cylib is likely based on what the founders call "early stage removal of lithium" and is based on different paths of carbonisation and the use of floatation for the removal and recovery of graphite. The company is aiming to deliver a full process recovering all key elements and has discussions with cell makers, material producers and automotive OEMs.

Read more about the company here.