In June 2026, Altilium announced the closing of its retail investment round, securing $1 million from more than 750 investors. This fundraising follows the award of an £18.5 million APC Drive35 grant earlier this year to support development of the company’s ACT3 facility—the UK’s first commercial-scale refinery for recovering critical battery materials from end-of-life electric vehicle batteries.
Opened in April, the retail round is intended to accelerate expansion of Altilium’s UK operations and involve local communities in the company’s growth, while raising awareness of the vital role battery recycling will play in the nation’s industrial future. The strong response highlights growing public support for a circular economy and recognition of battery recycling as a strategic industry for strengthening critical minerals security, supporting net-zero ambitions and building resilient domestic supply chains.
Co-founder and COO Christian Marston said that giving local communities and the wider public the opportunity to participate in Altilium’s growth story is central to creating a secure, sustainable and resilient supply chain for the materials powering the energy transition. The recent raise has also helped elevate awareness of Altilium’s mission and the UK’s potential to become a global leader in sustainable battery materials and critical mineral recovery.
Altilium’s proprietary EcoAnode and EcoCathode processes recover lithium, nickel, cobalt and graphite from recycled EV batteries, reducing reliance on imported raw materials. Located in Plymouth, Devon, the ACT3 plant will process up to 24,000 end-of-life batteries annually, producing nickel mixed hydroxide precipitate, lithium sulfate and graphite as intermediates for next-generation battery manufacturing. Altilium continues to work closely with institutional partners including SQM, Marubeni and Mizuho Bank.
The company’s first pilot plant began operations in Plymouth in 2025, and a planned facility in Teesside is set to become one of Europe’s largest EV battery recycling sites. That plant will process scrap from over 150,000 EVs per year and produce around 30,000 metric tons of cathode active material—enough to meet roughly 20% of the UK’s expected needs by 2030. Source: Altilium Tech
