Bosch Ventures, the corporate venture capital unit of the Bosch Group, has made notable strides in promoting sustainability through significant investments in the battery recycling sector. The company recently announced two major investments, one in the German-based Cylib and another in the US-based Li Industries. These investments highlight Bosch Ventures' commitment to advancing transformative battery recycling technologies, which are crucial for conserving natural resources in an increasingly electrified world.
Cylib, founded in 2022, has rapidly established itself as a leader in end-to-end lithium-ion battery recycling technology. The company successfully raised €55 million, the largest investment round ever for a European battery recycling company. Cylib's innovative process efficiently recovers critical raw materials such as lithium, graphite, nickel, cobalt, and manganese. This funding will enable Cylib to expand its operations and deepen collaborations with major automotive OEMs and battery manufacturers, positioning it as Europe's primary battery recycler.
In parallel, Bosch Ventures co-led a $36 million investment round in Li Industries, a US company that specializes in economically and sustainably recycling low/no cobalt batteries, including Lithium Iron Phosphate (LFP) batteries. Li Industries' unique Direct E2ETM recycling technology is a key innovation in the Li-ion battery circular supply chain. This investment reflects Bosch Ventures' strategic focus on supporting companies that offer scalable solutions to significant environmental challenges.
Through these investments, Bosch Ventures is not only fostering technological innovation but also contributing to building a resilient and sustainable battery infrastructure across Europe and the US. The involvement of diverse stakeholders, including climate and deep tech investors, corporate automotive and industry partners, and public investment funds, underscores the growing recognition of the importance of battery recycling in achieving a sustainable future. Bosch Ventures' efforts exemplify their leadership in the cleantech sector and their dedication to environmental sustainability.


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Recycling of batteries will not only be of importance to the environment but also a plus in renewable energy...since the batteries can be used to store solar energy or to run Electric cars
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10 w
It's encouraging to see such robust efforts towards creating a more sustainable and circular economy.
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Great job.with such kind of efforts well surely reduce the effects of climate change.
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Great initiative. Their efforts will significantly reduce environmental harm while enhancing the circular economy, driving both technological advancement and sustainability in the sector.