# Renewable Metals

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renewable-metals-pty

- Industry: Environmental Services
- Headquarters: Perth, Australia
- Website: www.renewable-metals.com
- Total disclosed funding: $22M
- Latest round: Series A (Apr 20, 2026)
- Investors on record: 6

## About

Based in Australia, Renewable Metals Pty Ltd specializes in the recycling of critical minerals from end-of-life lithium batteries, paving the way for sustainable practices in the electric vehicle and renewable energy sectors.Renewable Metals Pty Ltd is focused on recovering essential minerals using an innovative alkali-based recycling process. Established in 2020 in Welshpool, Australia, the company has completed three deals as of September 2024, including a recent SEED funding round of AUD 8.1 million led by Investible, with participation from Grantham Foundation and Virescent Ventures. The company was founded by Mark Urbani, and Luan Atkinson serves as the CEO.Renewable Metals Pty Ltd is focused on recovering essential minerals using an innovative alkali-based recycling process. ERenewable Metals Pty Ltd is focused on recovering essential minerals using an innovative alkali-based recycling process.The company was founded by Mark Urbani, and Luan Atkinson serves as the CEO.In April 2026, Renewable Metals raised AUD12 million in series A funding led by returning investor Clean Energy Finance Corporation, with participation from Neglected Climate Opportunities, European Metal Recycling, Investible and Climate Tech Partners.Renewable Metals specializes in an innovative alkali-based recycling process that effectively recovers critical minerals such as lithium, nickel, cobalt, copper, and manganese from end-of-life lithium batteries. This proprietary process eliminates the need for pre-processing to black mass, utilizing fewer steps and lower temperature operations, which contributes to reduced operating costs. The company’s technology is applicable across all major battery chemistries, including lithium iron phosphate (LFP), making it versatile for a wide client base within the electric vehicle and renewable energy sectors. Renewable Metals primarily serves businesses within the global lithium battery supply chain, focusing on markets in Australia, Europe, and North America, where the demand for sustainable battery recycling solutions is rapidly growing. By creating a circular economy for battery materials, Renewable Metals addresses the significant environmental concerns associated with toxic chemical leaching and the depletion of raw mineral resources.Renewable Metals generates revenue through strategic partnerships and collaborations with players in the lithium battery supply chain, including manufacturers and recyclers. The company has successfully secured AUD 8.1 million in a SEED extension round, underscoring investor confidence in its technology and business model. Revenue transactions occur through the establishment of demonstration plants and operational agreements with end-of-life battery recyclers, facilitating the processing and refinement of battery materials. Each partnership typically involves the joint development of recycling facilities, with financial structures designed to align the interests of both parties while sharing in the operational efficiencies and cost savings realized through Renewable Metals’ recycling technology. The focus on large-scale, sustainable recycling solutions positions Renewable Metals to capitalize on the growing market for recycled battery materials. The April 2026, funding to help progress the next commercial Optical Mind computing battery plant planned for the Hunter region and support its Kewdale demonstration plant.

## Funding rounds

- Series A, Apr 20, 2026, $8.6M — European Metal Recycling Limited, Investible, Virescent Ventures, Neglected Climate Opportunities, Climate Tech Partners
- Seed, Sep 3, 2024, $5.5M — Grantham Foundation, Investible, Virescent Ventures
- Seed, Oct 5, 2023, $8M — Grantham Foundation, Investible, Virescent Ventures

## Investors

- Grantham Foundation — Seed
- Investible (https://capitalatlas.ai/funds/investible) — Seed, Series A
- Virescent Ventures (https://capitalatlas.ai/funds/virescent-ventures) — Seed, Series A
- European Metal Recycling Limited — Series A
- Neglected Climate Opportunities (https://capitalatlas.ai/funds/neglected-climate-opportunities) — Series A
- Climate Tech Partners (https://capitalatlas.ai/funds/climate-tech-partners) — Series A