French battery recycling startup Mecaware raises €40m Series A

MECAWARE, a French industrial Deep Tech start-up, produces critical and strategic raw materials by recycling technological waste from end of life batteries and production scraps. Here are details of Mecaware’s latest funding round :

🚀 Launch


🏭 Industry

Chemical Manufacturing

🧠 Management

Arnaud VILLERS d’ARBOUET, Julien Leclaire, Grégoire Sarrail, Thiery STOLL, Jean Caillon, Mathieu Bordy, Lisa Grasser, Rémy CHAINTREAU

💸 Funding & Investors

  • INVESTMENT (October 2023) : €40 Million, Series A (equity, debt and state subsidies)
  • INVESTORS :  led by French VC Crédit Mutuel Innovation, followed by SPI2. Returning investors included sustainable energy firm EIT InnoEnergy, UI Investissement, Kreaxi and BNP Paribas Création.

🎯 Funding purpose

Process 100 tons of waste per year by mid-2025.

🌐 Country HQ

France (Bully)

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