Battery recycling startup Cylib recharges its coffers to go faster

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 been efficient enough for companies to take advantage of,” said co-founder and COO at Cylib, Gideon Schwich. “We need to create awareness with different stakeholders to ensure that bat

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