Circunomics secures over eight million euros in Series A

Marc Nemitz Marc Nemitz | 15.01.2025

Circunomics receives over eight million euros in a Series A round led by GET Fund and Schaeffler. The startup's solution revolutionizes the management of lithium-ion batteries

Mainz, January 2025 - The startup Circunomics GmbH has successfully closed its Series A financing round and raised more than eight million euros. The financing will support the company in the internationalization and further development of its digital services. Leading investors such as GET Fund from Munich and Schaeffler AG via its investment arm Schaeffler Invest GmbH led the round. Other investors, including Orlen and GG Rise, also participated.

Circular economy for lithium-ion batteries

Circunomics, founded in 2019, offers an innovative battery lifecycle management solution. The platform combines a digital B2B marketplace with AI-powered analytics to optimally manage the lifecycle of batteries and reduce CO₂ emissions. With the growing market for electric vehicles, the sustainable reuse and recycling of batteries is becoming increasingly important.

With this financing, we have the means to expand our business internationally and establish ourselves as a global company

Felix Wagner, CEO and co-founder

Focus on reuse and recycling

Circunomics enables the trading of used battery packs, modules and cells. The software evaluates the condition of the batteries using a digital twin to simulate suitable second-life applications. Batteries that are not suitable for reuse are forwarded directly to recycling companies. In this way, Circunomics connects players along the entire value chain to efficiently reuse batteries and conserve valuable resources.

Circunomics builds an important bridge between electromobility and renewable energies by creating innovative solutions for the reuse of batteries. These synergies create both economic added value and environmental benefits.

Julian Klaiber, Principal at GET Fund

GET Fund and Schaeffler bring extensive expertise in green technologies and vehicle lifecycle solutions to further expand Circunomics' platform. The Series A financing marks an important step towards realizing the vision of a comprehensive circular battery economy globally.


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