Cylib’s proprietary recycling process includes discharging, dismantling, mechanical treatment, thermal processing, and hydrometallurgical extraction, achieving over 90% efficiency. Their patented pre-treatment reduces acid usage, and a water-based lithium recovery system operates without harmful additives. Graphite extraction requires minimal chemicals, resulting in lower CO2 emissions. The process recovers lithium, cobalt, nickel, aluminum, and manganese, producing high-quality recyclates. Their planned industrial facility in Dormagen will process approximately 30,000 tonnes of battery materials annually by 2026.
Construction of an industrial-scale battery recycling facility at Chempark Dormagen, North Rhine-Westphalia, initiated in 2024 with completion slated for 2026. The plant will create approximately 170 jobs and process up to 60,000 EV batteries annually, advancing European battery material supply chain independence.
Series A (2024): Raised €55M in a round led by World Fund and Porsche Ventures, with additional participation from Bosch Ventures, DeepTech & Climate Fonds, NRW.Venture, VSquared Ventures, Speedinvest and 10x Founders. Earlier seed round: Raised €11.6M.