Altilium has raised approximately $1 million from more than 750 retail investors after completing its latest retail investment round. The UK clean-technology company says the raise will accelerate the expansion of its UK operations and give local communities a stake in its growth. The round, which opened in April, follows an £18.5 million ($24.4 million) APC Drive35 grant awarded earlier this year to support Altilium‘s ACT3 facility, what the company describes as the UK’s first commercial-scale refinery for recovering critical battery materials from end-of-life EV batteries.
Highlights
- Raised approximately $1 million from more than 750 retail investors.
- The round opened in April to fund expansion of Altilium’s UK operations.
- Follows an £18.5 million ($24.4 million) APC Drive35 grant supporting the ACT3 refinery.
- The ACT3 plant in Plymouth, Devon, is designed to process 24,000 EV batteries a year.
What the Funding Supports
The retail round was opened to fund the growth of Altilium’s UK operations and to engage the communities where the company invests and operates. Located in Plymouth, Devon, its ACT3 plant will have the capacity to process 24,000 EV batteries a year, the company says, producing battery intermediates that include nickel mixed hydroxide precipitate (MHP), lithium sulfate and graphite for next-generation battery manufacturing.
Christian Marston, Altilium’s co-founder and chief operating officer, said: “As we continue to build a world-class circular economy for EV batteries in the UK, we believe in giving local communities and the wider UK public the opportunity to participate in and benefit from Altilium’s growth story. Together, we are creating a more secure, sustainable and resilient supply chain for the critical materials that will power the energy transition.”
Recovering Critical Battery Materials
Altilium’s proprietary EcoCathode and EcoAnode recycling processes recover lithium, nickel, cobalt and graphite from end-of-life EV batteries. The company says recovering these materials from recycled feedstock creates a domestic source of critical minerals for UK-made EVs, reducing reliance on imported raw materials and supporting the country’s automotive sector.
Alongside its retail investors, Altilium continues to work with its institutional partners — SQM, Marubeni and Mizuho Bank.
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