- Batteries are a hazard to the environment.
- Circu Li-ion brings up an innovative solution to recycling battery elements.
- They use AI and an expanding "battery library" to distinguish between batteries and other materials.
Almost everyone shares a deep concern for the environment in various ways. Our planet is akin to the vast and precious home we all inhabit. People actively engage in recycling, reducing waste, and reusing materials as a means to safeguard our environment. However, amidst all the different types of waste, one poses a significant threat to our ecosystem: batteries.
But don't worry Circu Li-ion has come up with an innovative solution. They realized that batteries, a hazard to the environment, encapsulate many useful elements that could be recycled.
The CEO and co-founder of Circu Li-ion, Antoine Welter, claims that the upcycling device in his firm can quickly analyze batteries.
"We are fully aware of which cells are recyclable and which are not."
The Luxembourg firm's device uses AI and an expanding "battery library" to distinguish between batteries and other materials like plastic housing and PCB boards based on their appearance. Additionally, it evaluates the health of the cells.
In addition to around $4.2 million in previous funding from the European Innovation Council Accelerator and other sources, they recently obtained approximately $4.8 million in equity financing led by BonVenture.
The startup stated that around $9 million in initial funding will allow it to grow its machine-as-a-service business approach. They also intend to establish the biggest battery recycling database worldwide.
Circu Li-ion deserves commendation for their remarkable efforts in safeguarding our precious planet and transforming a potential threat into a valuable asset.
Edited by Shruti Thapa