What is Nth Cycle?
Headquartered in Beverly, Massachusetts, Nth Cycle specializes in modular refining technology designed to address the environmental and logistical challenges of mineral recovery. Its flagship Oyster system provides a cleaner, more efficient alternative to traditional smelting and hydrometallurgical processes. By enabling recyclers and miners to process battery scrap and electronic waste domestically, Nth Cycle is effectively bridging the gap between waste management and the high-demand requirements of the global energy transition. The company's technology is positioned as a vital component in the circular economy, reducing reliance on carbon-intensive mining practices while securing the supply of essential rare earth elements.
How much funding has Nth Cycle raised?
Nth Cycle has raised a total of $62.2M across 4 funding rounds:
Grant
$250K
Series A
$12.5M
Series B
$44M
Debt
$5.5M
Grant (2021): $250K with participation from MassCEC
Series A (2022): $12.5M led by Volo Earth and Frankstahl
Series B (2023): $44M supported by VoLo Earth Ventures
Debt (2026): $5.5M, investors not publicly disclosed
Key Investors in Nth Cycle
VoLo Earth Ventures
VoLo Earth Ventures provides first-in funding and hands-on leadership to companies driving the transformation of the global energy economy, specializing in energy systems and industrial solutions.
Frankstahl
Frankstahl is a steel and pipe trading company with extensive expertise in metal products, providing deep industry knowledge and supply chain support for industrial contractors.
MassCEC
The Massachusetts Clean Energy Center is a publicly-funded agency dedicated to accelerating the success of clean energy technologies, companies, and projects within the state.
What's next for Nth Cycle?
With the recent infusion of capital, Nth Cycle is poised to scale its operational capacity and expand the deployment of its Oyster refining units across key industrial markets. The strategic focus will likely center on enhancing throughput efficiency and integrating its technology into larger-scale recycling infrastructure. As the global demand for electric vehicle batteries and renewable energy storage continues to accelerate, Nth Cycle's ability to provide a sustainable, domestic source of critical minerals will be a primary driver of its long-term growth. Future milestones will likely involve deeper partnerships with major battery manufacturers and mining conglomerates seeking to lower their environmental footprint while securing their supply chains.
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