What is tozero?
Founded in 2022, tozero operates at the intersection of industrial engineering and environmental sustainability. The company specializes in the recovery of critical raw materials—including lithium, cobalt, and nickel—from end-of-life lithium-ion batteries. By implementing advanced hydrometallurgical processes, tozero addresses the urgent need for a circular supply chain in the battery sector, mitigating the environmental impact of toxic waste while securing a domestic source of essential battery-grade materials for manufacturers.
The company's market position is defined by its ability to integrate seamlessly into the existing battery ecosystem, providing a scalable solution that aligns with stringent European environmental regulations. As the demand for electric vehicles and energy storage systems continues to surge, tozero’s role as a provider of secondary raw materials becomes increasingly vital to the stability of the green energy transition.
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 supports and invests in mission-driven founders focused on transformative technology ventures, with a strong emphasis on climate tech and industrial automation.
Possible Ventures
Possible Ventures is an investment firm focused on backing mission-driven teams leveraging frontier technology to address humanity's most pressing challenges, particularly in sustainable energy.
Verve Ventures
Verve Ventures is a network and technology-driven venture capital firm that provides pan-European access to top-tier investment opportunities in science-driven startups.
What's next for tozero?
Looking ahead, tozero is poised to leverage this strategic financing to transition from pilot-scale operations to full-scale industrial deployment. The company’s roadmap focuses on optimizing recovery yields and enhancing the purity of reclaimed materials to meet the rigorous standards of battery cell producers. Furthermore, the firm is expected to deepen its strategic partnerships across the automotive and energy sectors, ensuring a steady pipeline of feedstock for its recycling facilities.
As the regulatory landscape in Europe shifts toward mandatory recycled content requirements, tozero is strategically positioned to capture significant market share. The focus will remain on scaling infrastructure, refining proprietary chemical processes, and establishing a robust logistics network to manage the increasing volume of spent batteries, ultimately cementing its status as a cornerstone of the European circular economy.
