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Renewable Metals raised $8.1 million in an extension of its Seed round led by Investible’s climate tech fund to expand its lithium battery recycling operations in the UK and Australia.

PRIVATESep 11, 2024

Amount Raised

$8.1 Million

Round Type

Seed

PerthManufacturingEnergyRenewable Energy

Investors

Clean Energy Finance CorporationThe Grantham FoundationVirescent VenturesInvestible’s Climate Tech Fund

Description

Battery recycling startup Renewable Metals has added $8.1 million to its Seed round, bringing the total to $16.1 million. The funding will help the company scale its technology for recycling lithium-ion batteries and expand its operations.

Quick answer

Renewable Metals raised $8.1 Million in a Seed round, dated September 11, 2024. Investors: Clean Energy Finance Corporation, The Grantham Foundation, Virescent Ventures and Investible’s Climate Tech Fund. Renewable Metals is based in Perth, Western Australia, Australia.

How much did Renewable Metals raise?
Renewable Metals raised $8.1 Million in a Seed round on September 11, 2024.
Who invested in Renewable Metals?
Clean Energy Finance Corporation, The Grantham Foundation, Virescent Ventures and Investible’s Climate Tech Fund are named as investors in this round.
What does Renewable Metals do?
Renewable Metals is a lithium battery recycling startup that focuses on alkali-based recycling technology to recover critical minerals from end-of-life lithium-ion batteries.
Where is Renewable Metals based and how big is it?
Renewable Metals is based in Perth, Western Australia, Australia.
Who are the decision-makers at Renewable Metals?
Fundz holds 1 contact at Renewable Metals. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Renewable Metals that raised within 45 days of this round, from Fundz verified event records.

  • BURN raised $15M (Debt Financing) on October 26, 2024.
  • Matteco raised $16M (Series A) on October 25, 2024.
  • GreenHY2 raised $432K (Seed) on October 25, 2024.
  • Cool Planet Technologies raised $26M (Series A) on October 24, 2024.
  • California Catalysts raised $3M (Series A) on October 23, 2024.
  • Radiant raised $100M on October 23, 2024.

Who to call at Renewable Metals, and when

A new round usually means Renewable Metals is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Renewable Metals raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Renewable Metals, from your own LinkedIn network

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Company Information

Company

Renewable Metals

Location

Perth, Western Australia, Australia

About

Renewable Metals is a lithium battery recycling startup that focuses on alkali-based recycling technology to recover critical minerals from end-of-life lithium-ion batteries. Their innovative process not only reduces costs by up to 30% but also minimizes waste by avoiding the sodium sulfate byproduct. The company aims to enhance lithium battery recycling efficiency as demand for rechargeable batteries increases globally. Renewable Metals has secured funding to expand its operations both in the UK and Australia.

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