Cylib GmbH Asset Profile

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

Year established

2022

Location

Aachen Germany

Primary Industry

Energy Storage & Batteries

About

Founded in 2022 and based in Aachen, Germany, Cylib GmbH operates as a provider of recycling solutions for lithium-ion batteries. The company's management team is all from RWTH Aachen University. In May 2024, Cylib GmbH raised EUR 55 million in series A funding co-led by returning investor World Fund and new investor Porsche Ventures, with participation from other returning investors Vsquared Ventures, Speedinvest, and 10x Founders. New investors Robert Bosch Venture Capital, DeepTech and Climate Fund, NRW.BANK and individual investors also participated in the round. The company's self-developed battery recycling technology has the function of CO2 emission reduction, base metal recovery and clean hydrometallurgy.

Current Investors

Speedinvest, Vsquared Ventures, Blue Impact

Request a demo to show more

Primary Industry

Energy Storage & Batteries

Sub Industries

Energy Storage & Batteries, Recycling, Pollution Control

Website

www.cylib.de

Verticals

Clean Technology

Company Stage

Series A

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.