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Altilium raises GBP 639,797 in grant funding to prototype EV battery cells using recycled CAM
Waste Recovery & Management Tech
May 16, 2024
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Waste Recovery & Management Tech

Waste Recovery & Management Tech

May 16, 2024

Altilium raises GBP 639,797 in grant funding to prototype EV battery cells using recycled CAM

Funding

  • Altilium, a UK-based clean tech startup, received a grant amounting to GBP 639,797 (approximately USD 798,114) from Innovate UK's Faraday Battery Challenge.

  • The funding will support rapid prototype development of lithium-ion EV battery cells that use recycled cathode-active materials (CAM). The project will be implemented at the UK Battery Industrialisation Centre (UKBIC).

  • Altilium's proprietary EcoCathode process allows the company to recycle over 95% of cathode metals, significantly reducing carbon emissions and lowering costs. Its impending Teesside recycling plant will supply nearly 20% of the UK's expected CAM demand by 2030.

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