# Cylib

**Source:** https://www.startuphub.ai/startups/cylib
**Profile type:** Startup

> Revolutionizing battery recycling for a circular future in Europe.

## About

Cylib is a deeptech scale-up based in Germany, focused on revolutionizing battery recycling and securing a circular future for Europe. Born out of years of research at RWTH Aachen University, Cylib has developed a holistic, water-based technology to recover all elements within lithium-ion batteries. Their technology addresses Europe's dependence on imported critical materials by transforming end-of-life batteries from electric vehicles, power tools, and energy storage systems back into high-quality production materials. The process achieves over 90% recovery efficiency with 80% lower emissions than traditional mining and can handle both NMC and LFP battery chemistries at an industrial scale.

## Key facts

- **Slug:** cylib
- **Website:** https://www.cylib.de/
- **Location:** Germany
- **Founded:** 2022-01-01
- **Employees:** 129
- **Operating status:** Active
- **Total funding:** $67M
- **Sectors / tags:** Battery Recycling, Circular Economy, Deep Tech, Materials Science, Sustainability, Battery Technology, Energy Storage, Climate Tech, Waste Management, Industrial Automation, Advanced Manufacturing, Green Hydrogen
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/cylib

## Frequently asked

### What does Cylib do?

Cylib is a deeptech scale-up based in Germany, focused on revolutionizing battery recycling and securing a circular future for Europe. Born out of years of research at RWTH Aachen University, Cylib has developed a holistic, water-based technology to recover all elements within lithium-ion batteries. Their technology addresses Europe's dependence on imported critical materials by transforming end-of-life batteries from electric vehicles, power tools, and energy storage systems back into high-qual…

### What is Cylib's valuation?

StartupHub estimates Cylib's effective valuation at $259.8M (range $166.5M to $399.6M, 13% confidence), based on comparable companies in the sector.

### How much funding has Cylib raised?

Cylib has raised a total of $67M in funding. The most recent round on record is Series A.

### Where is Cylib headquartered?

Cylib is headquartered in Germany.

### When was Cylib founded?

Cylib was founded in 2022.

### What industry does Cylib operate in?

Cylib operates in Battery Recycling, Circular Economy, Deep Tech, Materials Science, Sustainability, Battery Technology.

### How many employees does Cylib have?

Cylib has approximately 129 people on record.

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