What is Altilium?
Founded in 2020 and headquartered in Plymouth, United Kingdom, Altilium operates at the intersection of environmental sustainability and industrial innovation. The company is dedicated to transforming the global energy sector by establishing a circular supply chain for electric vehicle batteries. Through its advanced recycling infrastructure, Altilium recovers essential materials from end-of-life batteries and mine tailings, effectively reducing the reliance on virgin resource extraction.
By providing low-carbon, eco-friendly battery materials, the firm addresses the critical supply chain vulnerabilities inherent in the current automotive market. Its strategic focus on domestic production not only enhances energy security but also aligns with global mandates for cleaner transport and reduced environmental impact, positioning Altilium as a leader in the green industrial revolution.
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 specialized entity within the minerals and mining sector, focusing on the extraction and processing of critical materials essential for battery production and energy storage technologies.
What's next for Altilium?
With the support of this major strategic investment, Altilium is poised to accelerate the deployment of its at-scale recycling infrastructure. The company's roadmap involves scaling its green processing capabilities to meet the surging demand for sustainable battery materials from automotive manufacturers. This phase of growth will likely involve expanding operational capacity and strengthening partnerships across the EV ecosystem to ensure a robust, circular supply chain.
Looking ahead, Altilium is well-positioned to capitalize on the increasing regulatory and consumer demand for ethical, low-carbon battery components. By continuing to refine its technological edge, the company aims to solidify its market position as a primary supplier for the next generation of electric vehicles, ultimately driving the global shift toward a more sustainable and resource-efficient transport future.
