HG Ventures and Suma Capital have co-led a €14 million Series A funding round for R3 Robotics, a Luxembourg-based industrial robotics company focused on the automated dismantling of electric vehicle systems, complemented by €6 million in European grants to support its strategic shift and technological advancements in the recycling sector.

Information on the target

R3 Robotics, formerly known as Circu Li-ion, is a Luxembourg-based industrial robotics company specializing in the automated dismantling of electrified systems. The company has recently secured a total funding of €20 million aimed at industrializing the automated dismantling of electric vehicle systems at scale. This funding includes €14 million from a Series A round co-led by HG Ventures and Suma Capital, along with an additional €6 million in European grants. The rebranding to R3 Robotics signifies a strategic shift in focus from battery dismantling to the comprehensive automated dismantling of entire electric vehicle systems, including e-drives and power electronics.

The long-term vision of R3 Robotics is to enable fully automated dismantling of vehicles, reflecting its commitment to the principles of Repair, Reuse, and Recycle. The company is addressing the growing challenge posed by the increasing volumes of electrified components reaching the end of their life cycle, which necessitates a scalable and efficient dismantling solution.

Industry overview in the target’s specific country

The European market for electric vehicles is experiencing rapid growth, driven by stringent regulatory frameworks and a strong push towards sustainability. The European Union has implemented various regulations, such as the Critical Raw Materials Act and the EU Battery Regulation, which emphas