# PeroCycle

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/perocycle

- Industry: Environmental Services
- Headquarters: Cambridge, UK
- Website: www.perocycle.com/
- Total disclosed funding: $5.5M
- Latest round: Seed (Jul 8, 2025)
- Investors on record: 2

## About

PeroCycle Limited, based in the UK, is a company focused on providing innovative solutions aimed at eliminating CO2 emissions in the steelmaking process, thus contributing to a sustainable future for the metal industry. PeroCycle Limited specializes in developing low-emission technologies for the steel industry. Founded in 2024 by Professor Yulong Ding and Dr Harriet Kildahl as a spin-out from the University of Birmingham, headquarters are located in Cambridge, UK. The company completed its first funding round, a seed round, raising GBP 4 million on August 4, 2025, with investments from Anglo American and Cambridge Future Tech. PeroCycle is focused on innovative solutions aimed at eliminating CO2 emissions from traditional steelmaking processes, addressing a critical challenge in the steel industry. The company's core product offerings utilize advanced technologies to provide environmentally friendly alternatives for steel production, targeting both manufacturers and end-users within the metal industry. By leveraging state-of-the-art methods, PeroCycle aims to serve a diverse client base that includes steel manufacturers and industrial sectors committed to sustainability, with its geographic markets spanning Europe and North America. Revenue generation for PeroCycle is primarily structured around B2B transactions with steel manufacturers seeking to integrate low-emission solutions into their operations. They generates revenue through refurbished bicycle sales via online and offline channels, subscription-based bike rentals or sharing models, partnerships with sustainability-focused organizations, and hosting repair workshops and awareness events that also promote community engagement. Specific pricing details are not publicly disclosed, but PeroCycle's focus on flagship solutions positions it well within the market, catering to clients aiming to reduce their carbon footprint. In August 2025, PeroCycle Limited raised GBP 4 million in seed funding from new investors Anglo American and Cambridge Future Tech. The company will utilize this funding for pilot unit construction, deploying a carbon recycling system, and expanding its technical and commercial team to support steelmaking decarbonization. PeroCycle plans to launch new products aimed at further reducing emissions and is looking to expand its market presence in Europe and North America within the next few years.

## Funding rounds

- Seed, Jul 8, 2025, $5.5M — Anglo American, Cambridge Future Tech

## Investors

- Anglo American — Seed
- Cambridge Future Tech (https://capitalatlas.ai/funds/cambridge-future-tech) — Seed