About Cylib
Cylib is a company based in Aachen (Germany) founded in 2022 by Gideon Schwich, Paul Sabarny, and Lilian Schwich. Cylib has raised $71.5 million across 3 funding rounds from investors including Speedinvest, World Fund and Porsche Ventures. Cylib offers products and services including Recycled Lithium, Recycled Graphite, Recycled Nickel, Recycled Cobalt, and Recycled Manganese. Cylib operates in a competitive market with competitors including Lohum, Attero, Li-Cycle, SiTration and Green Li-ion, among others.
- Headquarter Aachen, Germany
- Founders Gideon Schwich, Paul Sabarny, Lilian Schwich
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Cylib Gmbh
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$71.5 M (USD)
in 3 rounds
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Latest Funding Round
$59.41 M (USD), Series A
May 15, 2024
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Investors
Speedinvest
& 11 more
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Employee Count
Not available
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Products & Services of Cylib
Cylib offers a comprehensive portfolio of products and services, including Recycled Lithium, Recycled Graphite, Recycled Nickel, Recycled Cobalt, and Recycled Manganese.
Recovered lithium from batteries for reuse in production.
Recovered graphite to minimize environmental impact in manufacturing.
Recovered nickel for sustainable battery and industrial applications.
Recovered cobalt to support circular economy in energy sectors.
Recovered manganese for high-quality reuse in batteries.
People of Cylib
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Funding Insights of Cylib
Cylib has successfully raised a total of $71.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $59.41 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Cylib
Cylib has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Speedinvest, World Fund and Porsche Ventures.
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World Fund is recognized as a leading European climate tech venture capital fund.
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Early-stage venture capital investments are provided by Porsche Ventures.
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Venture capital firm investing in tech startups
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Investor details for Cylib
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Investments & Acquisitions by Cylib
Investment portfolio details for Cylib
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Financial Statements - Cylib
Detailed financials for Cylib
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Cylib Comparisons
Peer comparison for Cylib
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Competitors of Cylib
Cylib operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lohum, Attero, Li-Cycle, SiTration and Green Li-ion, among others.
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Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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Tech-based solid waste management and recycling solutions are provided.
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Lithium-ion battery recycling technology is developed by Li-Cycle.
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Battery recycling solutions are provided through ultra filtration technology.
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Spent lithium-ion batteries are recycled into cathode and anode materials.
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Detailed competitors of Cylib
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Latest news on Cylib
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Frequently Asked Questions about Cylib
Cylib was founded in 2022.
Cylib is headquartered in Aachen, Germany. It is registered at Aachen, North Rhine-westphalia, Germany.
Lilian Schwich is the current CEO of Cylib. They have also founded this company.
Cylib is a funded company, having raised a total of $71.5M across 3 funding rounds to date.
Cylib was founded in 2022 in Aachen, Germany, within the battery recycling sector. Materials including lithium, graphite, nickel, cobalt, and manganese are recovered from end-of-life batteries and production scraps through a proprietary water-based process. Chemical usage is minimized, and recycling efficiency is maximized in operations. Recovered materials are refined to specifications for reuse in battery production and industrial applications, aiding circular economy efforts in European value chains.
Cylib offers Recycled Lithium, Recycled Graphite, Recycled Nickel, Recycled Cobalt, and Recycled Manganese.
Cylib has 12 investors. Key investors include Speedinvest, World Fund, Porsche Ventures, Robert Bosch Venture Capital, and DeepTech & Climate Fonds.