Mecaware
Latest round
- Series B
Last raised
- Sep 2023
Total raised
- $12M
Investors
- 6
About Mecaware
Founded in 2020 in France, Mecaware focuses on recycling lithium-ion batteries to extract critical metals.Mecaware specializes in the production of strategic metals, specifically lithium (Li), nickel (Ni), and cobalt (Co), through the recycling of lithium-ion batteries and production waste. Their innovative recycling technology enables the selective extraction of these metals while minimizing environmental impact, contributing to a more sustainable industry. The company primarily serves clients within the European battery manufacturing sector, addressing the critical need for a reliable and local supply of these metals, essential for the transition to decarbonized economies.Mecaware has established a revenue structure centered around the direct sale of recycled strategic metals to battery manufacturers and other industrial clients. The company’s transactions typically involve B2B contracts that facilitate the supply of metals derived from recycled sources, promoting sustainable practices within the industry. Revenue is generated by processing end-of-life batteries and production scraps, with clients benefiting from a steady supply of critical materials needed for battery production. Mecaware's business model supports partnerships with gigafactories and local industries, effectively streamlining the recycling process and enhancing productivity. The company plans to expand its operations into new geographical markets, focusing on regions with high demand for battery materials. This growth strategy aims to address the increasing reliance on sustainable sourcing and local production within the battery sector.
Who invested in Mecaware
6 investors across 2 rounds
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Questions about Mecaware
Who invested in Mecaware?
Mecaware has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Mecaware raised?
Mecaware has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Mecaware last raise money?
Mecaware's most recent round on record is a Series B, in Sep 2023.
What does Mecaware do?
Founded in 2020 in France, Mecaware focuses on recycling lithium-ion batteries to extract critical metals.
Where is Mecaware headquartered?
Mecaware is headquartered in France.
Which VCs invest in companies like Mecaware?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back environmental services companies at Mecaware's stage. Their profiles are linked below.
VCs backing environmental services startups at Series B
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