cylib secured a double-digit million equity investment
It was selected by the European Innovation Council for a share of €97M to recycle batteries into critical raw materials.
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End-to-end lithium-ion battery recycling company
cylib.deLast updated
In short: cylib advanced industrial battery recycling across Europe, securing EU strategic status, €63.4M funding, and key partnerships.
It was selected by the European Innovation Council for a share of €97M to recycle batteries into critical raw materials.
The facility in Wernberg-Köblitz has 10,000 metric tons annual capacity and will start operations in Q4 2026.
Germany and North Rhine-Westphalia officials presented the grant certificate to Co-CEO Gideon Schwich for the Dormagen battery recycling facility. It supports Europe's circular economy.
The funding from German BMWE enables Dormagen facility expansion to 60,000 tonnes capacity, starting 2027. It creates 180 jobs and boosts Europe's battery independence.
The European Commission has designated cylib's battery recycling project in Germany as a Strategic Project under the Critical Raw Materials Act (CRMA...
Cylib takes over a battery recycling plant in Bavaria with an annual capacity of up to 10,000 tons. Commissioning is planned for the end of 2026.
The Aachen-based battery recycler Cylib is entering the next phase of scaling: For the second expansion stage of its plant in the ...
Making EV batteries easier to recycle makes them more appealing to buy. A survey by the European Alternative Fuels Observatory revealed that more than half...
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