What is Altilium?
Founded in 2020 and headquartered in Plymouth, United Kingdom, Altilium is at the forefront of developing a circular and domestic EV battery supply chain. The company's core mission involves recovering critical minerals from end-of-life EV batteries and mine tailings, thereby conserving natural resources and reducing the environmental impact of mining. Altilium is actively developing green processing technologies and establishing large-scale recycling infrastructure to decarbonize the automotive supply chain, aiming to provide the lowest carbon, most eco-friendly battery materials for a cleaner transport future.
How much funding has Altilium raised?
Altilium has raised a total of $9.4M across 1 funding round:
Series A
$9.4M
Series A (2024): $9.4M with participation from SQM Lithium
Key Investors in Altilium
SQM Lithium
SQM Lithium is a key player in the Minerals & Mining industry, likely focusing on the extraction and processing of essential battery materials. Their involvement suggests a strategic interest in securing and advancing the supply chain for electric vehicle batteries.
What's next for Altilium?
This major enterprise-level funding positions Altilium for accelerated growth and expansion of its innovative recycling infrastructure. The strategic investment is expected to bolster the company's efforts in scaling its operations, further solidifying its commitment to a sustainable EV battery ecosystem. Altilium's focus on domestic mineral recovery and decarbonization aligns with global trends towards a circular economy and reduced reliance on primary resource extraction, signaling a strong trajectory for future development and market leadership in the clean technology space.
See full Altilium company page
