We are proud to co-lead the €55 million Series A of cylib – making it the largest round ever raised by a European battery recycling company. 🔋♻️ This landmark funding round was co-led by World Fund, joined by Bosch Ventures, DTCF | DeepTech & Climate Fonds, NRW.Venture and existing investors Vsquared Ventures, Speedinvest and 10x Founders. The capital injection will enable cylib to switch gears and pave the way to industrialization. 🛠️ cylib is commercializing nearly a decade of research from RWTH Aachen University. In less than 24 months, cylib managed to build up a full-fledged pilot-line, grew to a team of over 60 people while launching numerous projects with leading automotive OEMs and battery manufacturers. We are excited to partner with the cylib team to industrialize their innovative end-to-end recycling process with the aim to drive the European Raw Material Ecosystem to become more sustainable and resilient. Our shared ambition of striving for a decarbonized and circular supply chain makes cylib and Porsche Ventures a perfect fit. Congrats to Lilian Schwich, Paul Sabarny, Dr. Gideon Schwich and the entire cylib team for this achievement! #cylib #PorscheVentures #DrivenbyDreams #VentureCapital #Pioneers #SeriesA #End2End #BatteryRecycling #Sustainability Consumption Data: Taycan (WLTP): Electrical consumption combined: 20.0 – 16.7 kWh/100 km; CO₂ emissions combined: 0 g/km; CO₂ class: A; Status 05/2024
👏👏👏 Great pictures!
Great car, and great team inside Lilian Schwich Gideon Schwich Paul Sabarny + team Porsche Ventures
Congratulations. More investment is needed to advance the next-gen battery technologies and the whole value chain.
Great car, and great team inside Lilian Schwich Gideon Schwich Paul Sabarny + team Porsche Ventures 🔋 Herbert Mangesius 🙌
Congratulation cylib 🥂 looking forward for your next big steps
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Congrats
Proud to be a part of the Porsche family 💚 Can't wait for what's to come!