Altilium is pioneering the UK’s transition to sustainable battery materials by transforming end-of-life EV batteries into high-quality, low-carbon materials for new battery production.
The company’s ambitious mission centres on powering the UK’s journey to net zero, with plans to supply up to 50% of the country’s lithium, nickel, and cobalt needs through domestic recycling by 2040.
This approach directly addresses critical challenges in energy security by reducing the UK’s reliance on China for battery materials while supporting the circular economy. The company’s proven green technology delivers 74% lower CO₂ emissions compared to traditional mined battery materials, positioning Altilium at the forefront of the clean tech revolution as regulatory momentum builds toward mandatory recycled content requirements for European EVs from 2031.
Funding Success and Operational Progress
Altilium’s Series B1 retail investor raise on R Europe demonstrated exceptional market confidence, becoming fully subscribed within just 22 hours by pre-registered investors.
This rapid uptake reflects growing investor enthusiasm for impactful climate tech solutions, prompting the company to offer additional shares due to overwhelming demand.
The company has secured significant institutional backing, including a £10M Series A investment from SQM and £6M in Series B funding from Marubeni and Mizuho Bank, validating its technology and market potential.
Altilium has progressed from operating the UK’s only operational EV battery recycling line to preparing for full-scale commercial production, with its materials scientifically validated through testing in real battery cells by Imperial College London and giga-scale trials at UKBIC, while actively delivering UK Government APC programmes alongside industry partners Jaguar Land Rover and Nissan.
With the EV battery materials market forecast to exceed £101B by 2032, Altilium is a rare chance to invest in the circular economy of the future.
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