🚀 Congrats, cylib! We’re proud to announce that our portfolio company cylib has officially broken ground on its first-of-its-kind industrial battery recycling facility in Chempark Dormagen, Germany! ♻️ This facility will have the capacity to recycle 30,000 tons of end-of-life lithium-ion batteries per year, marking a significant step forward in securing Europe's supply of critical raw materials. With operations set to begin in 2026, cylib is on a mission to build a circular battery economy and support Europe’s path toward sustainable industrial #transformation. Located at the heart of Europe’s chemical industry, the #IndustrialPlant is set to drive the next-gen #CircularEconomy and help Europe reduce its reliance on imported critical materials. 📚 This exciting development comes alongside cylib’s recent feature in "Zukunftslust", the latest book by Prof. Dr. Achim Kampker, published just a week ago. It’s a powerful read for anyone interested in the intersection of #sustainability and technology—don’t miss the chapter on cylib's pioneering efforts (pages 136-139)! 📊 And that’s not all! cylib’s CEO, Lilian Schwich, was invited by the Federal State of North Rhine-Westphalia to contribute to the latest NRW Startup Report. 🌟 Her insights on the crucial role of #WomenEntrepreneurs in shaping a sustainable future through innovation are a must-read! 💡 Curious to learn more? Click through our carousel to explore these milestones and cylib’s vision for a more sustainable future. You’ll also find links for further reading below. 📍Groundbreaking: https://lnkd.in/ekshqCPm 📍 Report: https://lnkd.in/epFg6NcE 📍 Book: https://lnkd.in/eiJGwj5Q Currenta GmbH & Co. OHG Bundesministerium für Wirtschaft und Klimaschutz World Fund Porsche Ventures Bosch Ventures NRW.BANK Vsquared Ventures Speedinvest 10x Founders Ministerium für Wirtschaft, Industrie, Klimaschutz und Energie des Landes NRW Ministerium für Umwelt und Naturschutz, Landwirtschaft u. Paul Sabarny Gideon Schwich Tobias Weissgerber Tobias Faupel Elisabeth Schrey Tim Schumacher #batteryrecycling #cylib
¡Felicidades! cylib
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1moInspiring event this morning - using shuffles for the ground-breaking ceremony of the cylib plant in Dormagen was real fun. Keep on your great execution speed! 🚀