Summary
- Circunomics closed an €8-million Series A financing round in December 2024 for its battery lifecycle management system
- The company promotes the circular economy for lithium-ion batteries through internationalization and digital services
- Circunomics focuses on B2B trade of used or surplus battery packs, modules, and cells
- The company’s software analyzes battery health and recommends second-life applications or recycling for unsuitable batteries
- By 2030, Circunomics aims to enhance the reuse and recycling of batteries in the automotive sector, where millions of used vehicle batteries are expected annually
Article
German start-up Circunomics recently closed an €8-million Series A financing round in December 2024. The company is focused on developing a battery lifecycle management system that promotes the concept of a circular economy for lithium-ion batteries. Circunomics aims to advance internationalization and develop new digital services, including a digital B2B marketplace and analytics that cover the entire battery lifecycle.
One of Circunomics’ key objectives is facilitating the B2B trade of used or surplus battery packs, modules, and cells through their digital marketplace. The company aims to help transition energy storage systems from first-life use to second-life applications. By providing detailed analysis of each battery’s state of health (SoH) and utilizing digital twin technology to simulate potential second-life applications, Circunomics can ensure that batteries are repurposed effectively. If batteries are not suitable for second-life use, they are directed to qualified recycling companies.
Circunomics’ software plays a crucial role in connecting industry partners across the battery supply chain to enhance the reuse and recycling of batteries. Through their independent digital marketplace and detailed analytics, Circunomics aims to contribute to the establishment of a sustainable and comprehensive circular economy for battery packs, modules, and cells. CEO Felix Wagner highlighted the growing challenge posed by the expected increase in used vehicle batteries generated by the automotive sector by 2030, emphasizing the importance of their approach in managing this issue effectively.
The company’s focus on promoting a circular economy for lithium-ion batteries is driven by the need to manage the growing volume of used vehicle batteries that will reach the end of their lifecycle in the coming years. Circunomics’ innovative approach, which includes a digital B2B marketplace, detailed analytics, and simulation technology, aims to maximize the reuse and recycling potential of battery packs, modules, and cells. By effectively repurposing these components for second-life applications or ensuring proper recycling, Circunomics aims to address environmental concerns and contribute to a more sustainable approach to battery management.
As part of their commitment to advancing internationalization and developing new digital services, Circunomics is positioned to play a key role in shaping the future of battery management in a circular economy. With an €8-million Series A financing round secured in December 2024, the company has the resources to further expand its operations and reach a wider audience. By focusing on B2B trade, detailed analytics, and industry partnerships, Circunomics aims to become a leading player in the field of battery lifecycle management and contribute to a more sustainable future for lithium-ion batteries.
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