Squaring the circle on recycled batteries, Germany’s cylib extends seed round out to €11.6 million

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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 10xFoundersVsquared VenturesSpeedinvest.

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