March 20, 2023

LIBREC AG successfully closes financing round and invests in industrial facility for innovative recycling of lithium-ion batteries

LIBREC AG, founded in 2021, is planning industrial recycling of battery rejects and end-of-life electric mobility batteries in Biberist, Switzerland, by 2024.

Their advanced process achieves high recovery rates for battery components and is energy efficient, with no melting or thermal processes, thanks to residual energy and photovoltaic systems.

LIBREC has successfully closed a second financing round and raised a low double-digit million amount, with main participation from Aurubis AG and Galliker Transport AG.

Plans include the establishment of an integrated battery take-back center and expansion into neighboring European countries.