Ambiente
#Greentech: MECAWARE secures €40m to become the leader in battery recycling and the production of strategic metals in France and Europe
MECAWARE is currently focusing on the recycling of end-of-life batteries and production scrap from battery-making factories. Its technology is based on ground-breaking innovation in dynamic combinatorial chemistry. It uses the synergy caused from the capture of CO and the recycling of critical metals. Subject to four patents, it was recognised in 2020 by the American Chemical Society and the Nature Chemistry journal.
Its application enables the extraction of metals in a closed loop, free from inputs that impact the environment, without producing any effluent and with no special energy requirements. Consequently, its economic and ecological value is particularly appealing: the adapts to feedstocks and to evolutions in battery technology.
Arnaud Villers d'Arbouet, Co-Founder and CEO of MECAWARE explains:
This fundraising operation carried out with a pool of investors was organised by and the fund managed on behalf of the State of France by Bpifrance as part of the France 2030 initiative. It was supported by some of MECAWARE's long-standing investment partners, who thus consolidated their positions: , , , , . It follows on from the obtainment, at the start of the year, of State subsidies under the Plan (ADEME, RRR) awarded to the ScrapCO MET project in partnership with the companies and . This funding should also be supplemented by bank support provided by , , and .
This fundraising will also enable the development of the operational governance of commercial activities and the structuring of the teams involved (workforces will increase from 40 people at the end of 2023 to 80 in 2024).
For Stéphane Simoncini, Director and head of the Deeptech hub at Crédit Mutuel Innovation:
Magali Joessel, Director of the SPI Fund, comments: " "
The chemical process used by MECAWARE, the only one of its kind in the world, was created through French public research. It was developed by Professor Julien Leclaire at the Applied Supramolecular Chemistry Laboratory in Lyon (ICBMS: Université Claude Bernard Lyon 1, INSA Lyon, CPE Lyon and CNRS). After an initial technological development phase conducted by SATT Sud-Est, this technology received significant investment and support from PULSALYS to decrypt and optimise the lab chemistry and define various processes protected by 3 patents, 2 of which are jointly owned with Aix-Marseille Université, Centrale Marseille and the ENSC in Montpellier. The support provided by SATT PULSALYS enabled the creation of the start-up in 2020 after the arrival of Arnaud Villers d'Arbouet as its co-founder and CEO.
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Véronique Bourgeois
vb@monet-rp.com
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