Altilium secures £18.5M to build the UK's first EV battery recycling facility, ACT3, with funding from the UK government’s DRIVE35 Scale-Up Fund.
Amount Raised
£18.5 Million
Round Type
Grant
Investors
Description
Altilium, a clean technology company, received £18.5 million to build the UK's first large-scale EV battery recycling plant in Plymouth. The funding comes from the DRIVE35 Scale-Up Fund, supported by the Advanced Propulsion Centre UK and Innovate UK. The facility will process up to 24,000 batteries annually and create around 70 skilled jobs. This grant is the largest Altilium has received to date.
Quick answer
Altilium raised £18.5 Million in a Grant round, dated April 13, 2026. Investors: Innovate UK, Advanced Propulsion Centre UK and UK Government’s Drive35 Scale Up Fund.
- How much did Altilium raise?
- Altilium raised £18.5 Million in a Grant round on April 13, 2026.
- Who invested in Altilium?
- Innovate UK, Advanced Propulsion Centre UK and UK Government’s Drive35 Scale Up Fund are named as investors in this round.
- What does Altilium do?
- Altilium is a UK based Clean Technology group decarbonising the electric vehicle supply chain and supporting the transformation of the global energy sector from fossil-based to zero-carbon.
- Where is Altilium based and how big is it?
- Fundz records about 31 employees.
- Who are the decision-makers at Altilium?
- Fundz holds 4 contacts at Altilium, including the Managing Director. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Renewable Energy and Manufacturing around the same time
Companies in the same sectors as Altilium that raised within 45 days of this round, from Fundz verified event records.
- D-CRBN raised $20M (Series A) on May 27, 2026.
- P2 Science raised $23M (Funding Round) on May 26, 2026.
- SOLUM raised $1.1M (Seed) on May 11, 2026.
- Aalo raised $100M (Series B) on May 11, 2026.
- Evolution Metals & Technologies raised $20M on May 7, 2026.
- Moment Energy raised $40M (Series B) on May 5, 2026.
Who to call at Altilium, and when
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- An alert the day Altilium raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Altilium, from your own LinkedIn network
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