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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