Lyon-based Mecaware has raised €40mn in funding to industrialise its battery recycling technology, designed to produce strategic raw materials. Founded in 2020, the startup has positioned itself in the recycling of end-of-life batteries and production scrap of battery manufacturing plants. Its technology, born from research at the University of Lyon, is based on a chemical process that uses CO₂ to separate different metals in battery cells in order to recover, restore, and reuse them. Mecaware says that its metal extraction process is not only eco-friendly and cost-effective, but also one of a kind worldwide. With the fresh capital — backed…
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