MECAware Secures $42 Million in Funding: A Dive into the Latest Financial Milestone
Mecaware, a battery recycling business, received finance for the recycling of battery production scrap of €40 million (about $42 million) (Gigafactories Scrap—ScrapCO2MET project). In 2025, the project is anticipated to be operational. Each year, 50 tons of recycled metal, including lithium, nickel, cobalt, and manganese, are anticipated to be produced by the project. The money was raised through a pool of investors gathered by Crédit Mutuel Innovation and the SPI2 fund, which is a component of the France 2030 program and is managed by Bpifrance on behalf of the French government.
Energy analytics technology company Amperon Holdings received $20 million in a Series B investment round headed by Energize Capital. The D. E. Shaw group, Veriten, and current investor HSBC Asset Management are also taking part in this round. The investment assisted in increasing the company’s overall capital total to $30 million. The company intends to utilize the cash to expand the value of grid data and improve technological advancements in electricity forecasting.
An investor group that included Union Square Ventures, Prime Venture Partners, and ITIGO Funds led a recent investment round in which $20 million was raised by Bolt.Earth, an Indian startup that develops EV infrastructure and software. The business provides an operating system, a linked platform technology that aids manufacturers in creating, managing, and keeping an eye on their vehicles and charging infrastructure.
Manufacturer of sodium-ion batteries Peak Energy receives $10 million in a fundraising round helmed by Eclipse and featuring a sizable investment from strategic partner TDK Ventures. The funding will assist the business in creating its sodium-ion battery solutions and set the stage for expanding American manufacturing. starting with 2025. Peak Energy will begin rolling out its sodium-ion systems while also constructing a homegrown, giga-scale battery facility that is scheduled to debut in 2026.
To scale and market its lithium-ion battery recycling technology, Australian battery recycling startup Renewable Metals closed a A$8 million (about $5 million) financing round. The Grantham Foundation for the Protection of the Environment, CEFC, and the U.S.-based venture capital investor all contributed to the funding, which was led by the Asia Pacific venture capital firm Investible through its early-stage Climate Tech Fund. The funding round will aid Renewable Metals in creating a prototype plant in Perth, Australia.