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SiTration Raises $2.35 Million in Pre-Seed Funding to Revolutionize Battery Recycling for Electric Vehicles

BusinessWire reports that SiTration has raised $2.35 million.

The C3 Take
  • SiTration is a MIT spinoff that has created a separation process that doesn’t use much energy or chemicals to extract rare earth minerals from recycled batteries.
  • The patented method can reduce the energy that is needed for extraction by 10% while enabling a recovery yield of 95%.
  • This breakthrough could make rare earth minerals more accessible, which would make EVs and other forms of clean energy more affordable.

“With broad applicability across a number of different global industries, SiTration’s technology can address one of the most urgent challenges in decarbonizing transportation: the critical materials supply shortage in the production of lithium-ion batteries for electric vehicles.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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