Mecaware

Mecaware, a French startup founded in 2021, is focused on sustainable production of strategic metals. The company's innovative approach involves extracting essential metals, including lithium, cobalt, nickel, and manganese, from end-of-life batteries and battery manufacturing scrap. Mecaware's eco²-efficiency solution emphasizes both environmental and economic performance, with a closed-loop extraction process that generates zero effluent and requires minimal primary energy. The strategic location of compact plants near waste sources contributes to reduced startup costs and maximizes supply chain efficiency. The company's business model is designed to be flexible and responsive, contributing to the development of a domestic European strategic metals supply. This, in turn, supports a lower-carbon, more sustainable, and responsible battery industry. Mecaware's recent achievement includes a notable €40.00M Series A investment at 06 October 2023, with participation from prominent investors such as Bpifrance, BNP Paribas Developpement, Kreaxi, Credit Agricole Creation, Crédit Mutuel Innovation, EIT InnoEnergy, SPI fund, Claude Bernard University Lyon 1, Pulsalys, and MTB. Mecaware's strategic focus and recent investment indicate a strong potential for growth and impact within the sustainable manufacturing industry.