Battri has secured €10 million to establish its first battery recycling plant in Hauts-de-France, addressing the growing need for sustainable battery management amidst the rapid expansion of electric vehicle production in Europe.

Target Information

Battri is a promising start-up focused on battery recycling, which has successfully raised €10 million to launch its first facility in Hauts-de-France by 2024. The company's upcoming plant is expected to position it as a significant player in France's battery recycling sector, paving the way for its operations to start by the end of the year.

The urgent need for battery recycling is underscored by the rapid advancement of electric vehicle (EV) production in Europe. As European countries strive for battery sovereignty, the establishment and recycling of batteries are imperative. Recent announcements of large-scale battery factories highlight this trend, but equally important is the need for effective recycling solutions. This serves both environmental goals and economic interests since critical metals such as nickel, cobalt, and lithium are integral to battery production and must be reused locally to promote industrial independence.

Industry Overview in France

France's push toward electric vehicles is paralleled by the growing need for sustainable battery production and recycling. The increase in EV manufacturing has led to an accumulation of battery waste, with projections