Altilium recycles EV batteries into UK-made critical minerals, strengthening energy security.
Business overview
| Location | Plymouth, United Kingdom |
|---|---|
| Social media | |
| Website | www.altilium.tech/ |
| Sectors | Energy Mixed Digital/Non-Digital B2B |
| Company number | 12863419 |
| Incorporation date | 7 Sep 2020 |
Investment summary
Business highlights
- £18.5m UK Gov Grant for UK’s first recycling plant
- Named one of PwC’s Top 50 Climate Tech Start-Ups
- UK Government R&D projects with JLR & Nissan
- Cathode market to hit £101.29B by 2032; CAGR 17.2%
Pitch
About the Campaign
Altilium recycles EV batteries into domestic critical minerals, enabling renewable energy systems, cutting dependence on oil and fragile global supply chains.
Following the award of an £18.5m UK Government grant, the company is building the UK’s first large-scale EV battery recycling plant.
Market Opportunity
Altilium is redefining how critical minerals are sourced, turning waste batteries into sustainable lithium, cobalt, and graphite made in the UK.
In a world where EV demand is booming and supply chains are constrained by China, we’re capturing a £101B opportunity with scalable circular technology.
Traction & Key Accomplishments
• £10 m Series A funding secured from SQM (world’s largest lithium group)
• £6 m Series B funding led by Marubeni and Mizuho Bank.
• Awarded £5 m in UK Gov Innovation Grants.
• Showcased sovereign UK batteries for drones and EVs
• Pilot line already in place
• Life Cycle Analysis shows 74% lower carbon compared to virgin mining
• Cathode materials have been validated by Imperial College, showing same performance as commercial materials
• Multiple patents pending for proprietary Clean Tech
Use of Funds
Funds will be used for Engineering Design Studies with a third-party consultant for the UK’s only EV battery recycling plant, ACT 3, to secure UK critical mineral supply and enable a sustainable, low-carbon circular EV battery economy.
Key Information
Key information investment sheet
Key Investment Information Sheet is available by downloading the following documents:
- Key Investment Information Sheet [Danish]
- Key Investment Information Sheet [German]
- Key Investment Information Sheet [English]
- Key Investment Information Sheet [Spanish]
- Key Investment Information Sheet [French]
- Key Investment Information Sheet [Italian]
- Key Investment Information Sheet [Dutch]
- Key Investment Information Sheet [Portuguese]
- Key Investment Information Sheet [Swedish]
Share classes
The Company currently has 3 classes of shares: Ordinary Shares, Series A Preferred Shares and Series B Preferred Shares. All investors in this round, including Republic Europe investors, will receive Series B Preferred Shares.
All share classes have voting rights and dividend rights. The Series A Preferred Shares and the Series B Preferred Shares have a 1x non-participating preference.
On a liquidation, return of capital, or exit, the proceeds will be distributed as follows:
• First Series A Preferred and Series B Preferred shareholders will receive the higher of (i) their initial investment (or pro-rata where surplus assets are insufficient) and (ii) the amount they would have received had proceeds been distributed amongst all shareholders pro rata.
• Second, the remaining proceeds will be distributed pro rata amongst Ordinary shareholders.
The Series A Preferred and Series B Preferred shares also have anti-dilution rights attached on a broad-based weighted average basis. Should the company issue shares at a lower share price than the price paid for the relevant Series A Preferred or Series B Preferred shares, these shareholders will be entitled to additional shares to mitigate some of the dilution.
Currencies
Direct investments in the round from investors outside Republic Europe totalling USD 950,000 are reflected in the campaign at an indicative exchange rate of 0.74 USD to GBP.
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