Aachen-based cylib recently secured an €8 million extension to its seed round, bringing its total for the round to €11.6 million.

With the proceeds, cylib expects to expand its workforce with a view to launching its first battery recycling facility in Aachen next year.

World Fund, the pan-European climate tech fund, led the seed round with further contributions from Munich-based 10xFounders, Vsquared Ventures, Speedinvest.