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cylib

86 employees

cylib GmbH is a research-based company for holistic battery recycling enabling the green energy transition by ensuring the supply of sustainable raw materials for the battery industry. cylib's proprietary end-to-end recycling process is characterized by an efficient, resource- and climate-friendly recovery of all raw materials in a battery, including lithium, graphite, nickel, cobalt and manganese from battery packs, production scraps, or micromobility batteries. Founded in 2022 in Aachen, Germany, the company builds on nearly a decade of research by the founding team. cylib was founded by Dr. Lilian Schwich (CEO), Paul Sabarny (CTO), and Dr. Gideon Schwich (COO), with the mission to create a true circular economy.

Investor insights

Funding rounds participated in

$60M sweet spot round size

Investor type

Privately Held

Basic info

Industry

Fabricated Metal Products

Sectors

Fabricated Metal Products

Date founded

2022

Funding rounds raised

Total raised

$60M

from 3 investors over 1 rounds

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cylib raised $60M on June 15, 2024

Investors: World Fund, Porsche Ventures and + 12 Other investors

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