# Cyclewell Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cyclewell-technology-co

- Industry: Energy Storage & Batteries
- Headquarters: Ganzhou, China
- Website: www.cyclewell.com
- Total disclosed funding: $14M
- Latest round: Series A (Jan 10, 2025)
- Investors on record: 4

## About

Established in 2020 and based in Ganzhou, China, Cyclewell Technology Co. Ltd. specializes in the recycling of used power batteries. In January 2024, the company raised CNY 100 million in series A funding co-led by new investors Glory Ventures and SV Investment.

The company specializes in the research, development, and manufacturing of equipment for the green recycling of used power batteries, primarily lithium-ion batteries. It offers products that includes modular equipment for battery recycling and mobile recovery processing systems. Their core processing technologies are designed to address specific challenges in battery recycling, such as the incomplete separation of electrode materials and the recovery of valuable components like lithium, nickel, cobalt, and manganese. Cyclewell's equipment is utilized by battery recycling enterprises. The company serves regions actively engaged in lithium battery production and recycling, particularly in Asia and Europe. 

The company operates on a business model that incorporates various revenue streams derived from its product offerings and services. The company engages in direct sales of its advanced recycling equipment to business clients, including battery manufacturers and recycling facilities. Transactions typically involve the purchase of modular recycling systems and ongoing technological support, which may include consultation and installation services. 

The company will use the series A funding to strengthen the company's R&D capabilities and accelerate the construction of a demonstration plant. The company plans to launch new products designed to improve battery recycling processes. Additionally, Cyclewell aims to expand its market presence into new geographic regions, targeting Europe and North America by the end of 2025.

## Funding rounds

- Series A, Jan 10, 2025, $14M — SV Investment, Glory Ventures, Anhui Zhongan Capital Management, Jiangxi Zaoshi Technological Co., Ltd

## Investors

- SV Investment (https://capitalatlas.ai/funds/sv-investment) — Series A
- Glory Ventures (https://capitalatlas.ai/funds/glory-ventures) — Series A
- Anhui Zhongan Capital Management (https://capitalatlas.ai/funds/anhui-zhongan-capital-management) — Series A
- Jiangxi Zaoshi Technological Co., Ltd — Series A