Green Energy Innovators cylib GmbH Secure $55M in Series A Funding for Holistic Battery Recycling

cylib GmbH, a pioneering company in the realm of battery recycling, has successfully raised €55 million in its latest funding round, a significant step towards advancing its mission of enabling the green energy transition. Founded in Aachen, Germany, in 2022, cylib operates on the cutting edge of sustainability, leveraging nearly a decade of research by its founding team—Lilian Schwich (CEO), Paul Sabarny (CTO), and Dr.-Ing. Gideon Schwich (COO). The company specializes in a proprietary end-to-end recycling process that ensures the efficient and climate-friendly recovery of raw materials such as lithium, graphite, nickel, cobalt, and manganese from various battery sources. This innovative approach not only addresses the growing demand for sustainable raw materials in the battery industry but also contributes to the creation of a true circular economy, minimizing environmental impact while maximizing resource recovery. The freshly secured funding will be instrumental in scaling up operations, enhancing research and development initiatives, and expanding their state-of-the-art recycling facilities to meet the increasing market demands. With this capital raise, cylib is poised to redefine battery recycling standards and play a pivotal role in the transition to cleaner energy solutions, making strides towards a more sustainable future for all.