Tech Company Financing Transactions
Cylib Funding Round
On 5/15/2024, Cylib announced $60 million in Series A investment from Porsche Ventures, World Fund and 10x Founders.
Transaction Overview
Company Name
Announced On
5/15/2024
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Series A
Investors
Porsche Ventures (Lead Investor)
World Fund (Lead Investor)
Proceeds Purpose
The company intends to use the funds to empower the industrialization of its proprietary technology, which is already used by OEMs and battery manufacturers, by scaling up its operations at an already-secured brownfield industrial facility in Germany.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Undisclosed
Aachen, Undisclosed
DE
Aachen, Undisclosed
DE
Phone
Undisclosed
Website
Email Address
Overview
cylib offers an innovative and sustainable technology for Lithium-ion Battery recycling. For a true circular economy instead of further depletion. cylib is a start-up for holistic and innovative battery recycling, starting from discharging to recovery of all components of the lithium battery. cylib was founded in Aachen in 2022 by Lilian Schwich, Paul Sabarny, and Dr. Gideon Schwich.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Lilian Schwich
Chief Operating Officer
Gideon Schwich
Chief Technical Officer
Paul Sabarny
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