Altilium secures Series B2 follow-on funding from SQM and Marubeni Corporation to support UK's first commercial battery materials recovery refinery.
PRIVATEOct 06, 2026
Round Type
Series B
PlymouthManufacturingRenewable Energy
Investors
Marubeni CorporationSqm
Description
Altilium, a UK-based clean technology company, has announced additional investment from strategic shareholders SQM and Marubeni Corporation as part of its Series B2 round. The funding will support the development of ACT 3, the UK's first commercial refinery for recovering critical battery materials from end-of-life EV batteries. Both SQM and Marubeni were early investors, with SQM leading the $12 million Series A round. The investment builds on Altilium's recent £18.5 million grant award from the UK Government's DRIVE35 programme.
Company Information
Company
Altilium
Location
Plymouth, England, United Kingdom
About
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.
By recycling exisiting waste streams, such as old EV batteries and mine waste, we will supply domestic, sustainable and low carbon critical mineral to a battery supply chain.
Fundz sees it the moment Altilium raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
PlymouthManufacturingRenewable Energy