Battery recycling start-up LiBCycle gets strategic partner

Tom Schmidtgen Tom Schmidtgen | 21.06.2021

The logistics company InTime Express Logistik is taking a stake in the Munich-based start-up. Together they want to recycle old car batteries.

The Munich-based start-up LiBCycle has received a strategic investor. The Isernhagen-based company InTim Express Logistik is taking a majority stake in the company. There is no further information about the exact amount of the investment and the acquired shares. "The concept of the young people convinced us," explains Gerd Röttger, managing director of InTime. "Their idea fits very well into our experience around agile logistics for the automotive industry. After all, it is precisely in the area of dangerous goods transport that we can jointly expand the range of services offered to customers."

The two founders Philipp Brunotte and Áron Németh have developed a transport box for old electric car batteries. Old lithium-ion batteries have to be transported as dangerous goods due to the chemical reactions and the construction of the battery. In addition, the Munich-based company wants to build a platform on which old batteries can be localized in order to organize the transport in an automated way. "In the future, users from industry will no longer have to worry about transport, but can concentrate on their core business. This includes further developing innovative battery technologies and thus their vehicles," says co-founder Brunotte. "From the provision of the transport box to the logistics and the automatic determination of the destination, we want to offer everything from a single source."


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