Nth Cycle, Inc.

Nth Cycle, Inc. is a US-based developer of innovative electro-extraction technology, focusing on refining critical metals to support sustainable recycling practices in industries like electric vehicles and renewable energy. Founded in 2017 and headquartered in Beverly, US, Nth Cycle, Inc. specializes in critical metal recovery solutions.

The company was co-founded by Chad Vecitis and Megan OConnor, who has experience in launching tech-driven companies. The company has completed seven funding deals, with its most recent being a Series B round in April 2023, raising USD 20 mn. This funding brings the total amount raised to USD 37 mn, with a current valuation of USD 161. 388 mn.

Nth Cycle specializes in the refining of critical metals through its proprietary electro-extraction technology. This process efficiently recovers essential materials like copper and rare earth elements from Li-ion batteries and electronic waste. Their technology provides high-quality critical metals, supporting diverse industries including electric vehicles and renewable energy, catering to clients in North America and Europe. Nth Cycle's revenue model is based on B2B transactions with manufacturing partners seeking refined critical metals.

The company engages in long-term supply agreements, ensuring clients meet production needs while adhering to environmental standards. The pricing structure is based on the quality and quantity of metals produced through their technology, focusing on supplying essential materials for the energy transition. In April 2023, Nth Cycle raised USD 20 mn in Series B funding, part of a larger USD 50 mn round, to enhance its metals-processing capabilities. The company plans to introduce new products aimed at expanding its market presence, targeting entry into international markets by 2024.

The recent funding will support these growth initiatives, reinforcing Nth Cycle's commitment to delivering sustainable solutions in metal recovery.