Altilium secures $25 million to scale EV battery recycling - Evertiq

Altilium secures $25 million to scale EV [battery recycling](/guides/how-to-recycle-ev-and-e-bike-batteries) in a move that could significantly impact the growing e-waste crisis, particularly concerning the sustainable handling of lithium-ion batteries from electric vehicles (EVs). Altilium secures $25 million to scale EV battery recycling - Evertiq This funding aims to expand Altilium's capacity for processing and recycling these batteries, which are critical components in the transition to cleaner transportation but pose significant environmental challenges if not managed properly.

Last reviewed by James Hartley on 25 April 2026

What Is Altilium Doing with This Funding?

Altilium secures $25 million to scale EV battery recycling by increasing its recycling capacities and developing innovative technologies. Altilium secures $25 million to scale EV battery recycling - Evertiq plans to use this funding to build new facilities. Purchase advanced equipment, and invest in R&D for more efficient recycling processes. By 2030, the global lithium-ion battery market is expected to reach 2.5 TWh, highlighting the urgent need for better recycling infrastructure.

According to the BankMyCell 2024, iPhones retain trade-in value better than Android phones, losing ~40% in year 1 vs ~55%.

How Does This Affect Electronics Recycling?

This investment by Altilium directly impacts electronics recycling, especially as electric vehicles become a larger part of the e-waste stream. With the growing number of EVs on the road, end-of-life battery management is important to prevent environmental damage and recover valuable materials like cobalt, lithium, nickel, and manganese. Recycling these batteries responsibly can help close material loops in manufacturing new electronics.

Why Is Battery Recycling Important for Sustainability?

Recycling EV batteries is vital because these components contain rare earth elements that are both costly to mine and environmentally harmful if extracted unsustainably. In 2024, the UN Global E-Waste Monitor reported that only 22.3% of global e-waste was formally recycled, highlighting the need for more strong recycling solutions like those Altilium is developing.

What Are the Environmental Benefits?

By improving EV battery recycling techniques and increasing capacity to handle large volumes of used batteries, Altilium can reduce landfill waste and lower greenhouse gas emissions associated with mining new materials. Recycling these batteries also helps preserve natural resources and reduces pollution from improper disposal methods.

According to the Royal Society of Chemistry, mobile phones contain up to 60 different elements, including critical raw materials.

How Can I Support Sustainable Electronics Recycling?

To support sustainable electronics recycling, individuals and businesses alike should look into responsible battery disposal options like those offered by companies such as Altilium. You can check local regulations on e-waste disposal and explore community programmes that encourage proper handling of electronic waste. Additionally, staying informed about initiatives like the [WEEE Directive](/regulations/weee-directive-eu) in Europe or similar regulations worldwide ensures compliance with legal requirements while promoting environmental stewardship.

What Should Consumers Do Now?

Consumers should start by understanding their local battery recycling options and participating in any community-driven campaigns aimed at reducing e-waste. For instance, many cities offer collection points for old batteries alongside general waste services. supporting manufacturers that prioritize sustainable practices through product design and end-of-life management can also make a significant difference.

In summary, the investment by Altilium secures $25 million to scale EV battery recycling is a positive step towards tackling e-waste responsibly. At Altilium secures $25 million to scale EV battery recycling - Evertiq, as technology continues to evolve, so must our approach to managing electronic waste. By supporting initiatives like this one and adopting sustainable practices in everyday life, we can contribute positively to environmental conservation efforts globally.

Sources

• BankMyCell 2024
• Royal Society of Chemistry
• BankMyCell depreciation tracker