Altilium
About Altilium
Altilium is a Circular Economy startup based in London, United Kingdom that has raised $43M in venture capital across 4 funding rounds since 2020. The company reached Series B stage in September 2023 with a $2.6M round led by SQM Lithium Ventures. Altilium's investor base includes 3 institutional funds, with SQM Lithium Ventures leading the most recent equity round.
Altilium is a UK-based clean technology company that recycles end-of-life EV batteries into battery-grade materials using its proprietary EcoCathode process, which recovers 95% of critical minerals — including lithium, nickel, cobalt, and graphite — with a carbon footprint approximately 24% below conventional hydrometallurgical recycling. The company operates the UK's first Battery Recycling Technology Centre in Devon and is building ACT3, a commercial-scale EV battery refinery in Plymouth, with plans for a gigascale plant in Teesside.
Altilium Funding Rounds Timeline
4 rounds · $43M raised · since 2020
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Series A | September 2023 | $2.6M | — | SQM Lithium Ventures | — |
| Series A | February 2024 | $9.4M | — | SQM Lithium Ventures | — |
| Series B | January 2025 | $7.5M | — | Marubeni Corporation | Mizuho Bank |
| Government Grant | April 2026 | $24M | — | UK DRIVE35 Scale-Up Fund | — |
Investors in Altilium
3 institutional investors across 4 rounds
Lead investors
Co-investors
Recent news about Altilium
- FundingAltilium secures £18.5m to scale EV battery recyclingApril 2026
Questions about Altilium
How much has Altilium raised?
Altilium has raised $43M across 4 funding rounds since 2020.
Who are the investors of Altilium?
Altilium's investors include SQM Lithium Ventures, Marubeni Corporation, Mizuho Bank.
When was Altilium's last funding round?
Altilium's most recent round was a $2.6M Series A in September 2023, led by SQM Lithium Ventures.
Where is Altilium headquartered?
Altilium is headquartered in London, United Kingdom, and was founded in 2020 by Kamran Mahdavi, Sean Joseph, Christian Marston.