Series A · Climate Tech · Aachen, Germany · Founded 2022 · 50–100 employees
cylib is a German battery recycling startup that developed a proprietary process to recover lithium, graphite, nickel, cobalt, and manganese from end-of-life batteries with over 90% efficiency. Founded in 2022 by RWTH Aachen University researchers, the company has raised €74 million total funding including a €55 million Series A in 2024 co-led by World Fund and Porsche Ventures. They are building their first industrial plant in Dormagen with 30,000 tons annual capacity set to operate by 2026, positioning them to become a key player in Europe's circular battery economy. Their water-based lithium recovery process significantly reduces environmental impact compared to traditional mining methods.