Sortera Alloys secures $10 million in funding to advance its AI-powered recycling technology for automotive metals, enhancing sustainability in the aluminum industry.
Information on the Target
Sortera Alloys, Inc. is an innovative company specializing in scrap metal sorting and recycling, utilizing artificial intelligence, data analytics, and advanced sensors. With a focus on improving end-of-life recycling in the aluminum sector, the company has received $10 million in funding led by Assembly Ventures, with additional investments from Breakthrough Energy Ventures and Novelis.
Sortera's cutting-edge technology permits the separation of mixed alloy aluminum scrap into individual alloys, making it possible to recycle the upgraded metals back into high-value applications. These applications range from automotive components to construction and aerospace materials. By employing a low-cost and scalable production process, Sortera enables customers to reduce CO₂ emissions significantly, achieving sustainability goals in circular production.
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Industry Overview in the U.S.
The U.S. aluminum industry is experiencing significant demand driven by the automotive and construction sectors, leading to a growing focus on sustainable production practices. With a market size exceeding $1
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Assembly Ventures
invested in
Sortera Alloys, Inc.
in 2022
in a Series A deal
Disclosed details
Transaction Size: $10M