Battery Solutions, LLC
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Battery Solutions, LLC - overview
Established
1991
Location
Wixom, MI, US
Primary Industry
Environmental Services
About
Based in the US, Cirba Solutions, LLC specializes in sustainable battery management and recycling services, focusing on lithium and cross-chemistry batteries to promote environmental responsibility and resource recovery. Cirba Solutions, LLC, established in 1991 and headquartered in Wixom, US, is a key player in battery recycling services. The company has secured a total of USD 50. 00 mn in funding, with the latest round occurring on February 9, 2023, backed by Marubeni.
The company has completed 2 deals to date. Cirba Solutions specializes in sustainable battery management and recycling services, focusing primarily on lithium and cross-chemistry batteries. Their core offerings include comprehensive recycling solutions for electric vehicle (EV) batteries and advanced material processing services. The company provides adaptable collection solutions designed for various settings, including homes and offices, facilitating the sustainable disposal of end-of-life batteries and diverting them from landfills.
Their clientele encompasses automotive manufacturers, electronic device companies, and commercial enterprises requiring effective battery disposal strategies. Cirba Solutions operates in North America and select regions in Europe, addressing the rising demand for sustainable battery management practices. Cirba Solutions generates revenue through diverse transaction structures, primarily engaging in B2B partnerships with manufacturers and commercial clients. Their business model includes direct sales of recycling and material processing services, for which clients pay for the safe disposal and recycling of batteries.
Services encompass battery deinstallation, logistics for battery collection, and advanced sorting technologies tailored to various industries. Pricing is structured based on the volume and type of batteries processed, allowing larger clients to benefit from customizable packages that align with their sustainability goals. In February 2023, Cirba Solutions secured a USD 50 mn investment from Marubeni to enhance their service offerings and expand their geographic market presence. The company is focused on launching new products designed to improve battery recycling efficiency and plans to target additional markets in Europe and Asia by 2025.
This funding will support the development of innovative solutions and expansion initiatives.
Current Investors
Marubeni, Alston Capital Partners
Primary Industry
Environmental Services
Sub Industries
Recycling
Website
www.cirbasolutions.com
Verticals
Clean Technology
Total Amount Raised
Subscriber access only
Battery Solutions, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Battery Solutions, LLC | - | ||||||||
| Recapitalisation | Completed | Battery Solutions, LLC | - |
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