Circunomics, a battery lifecycle management company, raises Euro8 million in Series A

Shruti SinhaJanuary 17, 2025

1 minute read

More than eight million euros were invested in Circunomics, a novel battery lifecycle management solution, through a Series A financing round. Image source: Circunomics

News, 17 January 2025

In December 2024, the Mainz-based German start-up Circunomics GmbH successfully concluded its Series A funding round, receiving more than eight million euros from key investors. Established in 2019, the company advances globalization and creates new digital services to support the circular economy for lithium-ion batteries. The necessity for environmentally acceptable battery recycling or repurposing has increased with the growing popularity of electric vehicles. With its digital B2B marketplace and AI-powered analytics that take into account the full battery lifecycle, Circunomics offers a distinctive battery lifecycle management solution that greatly reduces CO2.

GET Fund (Munich) and Schaeffler AG (Herzogenaurach), through its investment arm, Schaeffler Invest GmbH, led the fundraising round. Current investors also took part, such as GG Rise (Düsseldorf) and Orlen, a Polish oil and energy company.

About Circunomics

Circunomics is an innovative company specializing in battery lifecycle management, focused on enhancing the sustainability and efficiency of battery usage across various applications, particularly in electric vehicles and renewable energy storage. The company employs advanced data analytics and software solutions to monitor, assess, and optimize the performance and lifespan of batteries, facilitating effective recycling and repurposing practices.

Circunomics aims to support the transition to a circular economy by providing tools that help reduce waste and environmental impact associated with battery disposal. Their platform enables stakeholders, including manufacturers and users, to make informed decisions about battery management, from production through to end-of-life. By addressing the critical challenges of battery degradation, resource utilization, and recycling processes, Circunomics plays a vital role in promoting sustainable energy solutions and advancing the electrification of mobility.