What is tozero?
Founded in 2022 and headquartered in Munich, Germany, tozero is at the forefront of lithium-ion battery recycling. The company's mission is to close the loop in battery production by recovering critical raw materials such as lithium, cobalt, and nickel, returning them to the market and thereby minimizing toxic waste. This initiative addresses a significant environmental challenge as the demand for electric vehicles and energy storage solutions continues to surge.
How much funding has tozero raised?
tozero has raised a total of $3.5M across 1 funding round:
Other Financing Round
$3.5M
Other Financing Round (2022): $3.5M with participation from Atlantic Labs, Possible Ventures, and Verve Ventures
Key Investors in tozero
Atlantic Labs
Atlantic Labs is a VC firm that supports and invests in mission-driven founders focused on transformative technology ventures, with a particular interest in climate tech and industrial applications.
Possible Ventures
Possible Ventures focuses on backing mission-driven teams leveraging frontier technology to address humanity's most pressing challenges, with investments in climate and energy solutions.
Verve Ventures
Verve Ventures is a European venture capital firm that invests in digital, tangible, and health & bio startups from Seed to Series B, leveraging its extensive network to support portfolio companies.
What's next for tozero?
With a significant enterprise-level funding context, tozero appears to be in a scaling phase, poised to expand its recycling capabilities and market reach. The recent strategic investment suggests strong confidence from backers in the company's technology and business model. Future developments will likely focus on increasing processing capacity, forging partnerships within the battery supply chain, and potentially exploring new recycling technologies to further enhance efficiency and material recovery rates. This strategic capital infusion is expected to accelerate tozero's growth and solidify its position as a key player in the circular economy for batteries.
See full tozero company page
