ScoutIt

ScoutIt is a B2B startup founded in 2022 with a mission to enable a real and viable circular economy in the Renewable Energy and Sustainability sectors. The company's slogan, "Enabling EV battery circular economy," reflects its focus on providing solutions for end-of-life (EoL) batteries.

ScoutIt's innovative approach involves helping companies extract greater value from EoL batteries, thereby extending their useful life through second-life applications. By enabling car makers to monetize the sale of EoL batteries and avoiding significant recycling costs, ScoutIt is addressing a critical need in the market. Furthermore, the company facilitates EV battery repurposing companies in accessing EoL battery supply and finding end-users for battery-based storage systems.

The last investment in ScoutIt was a $20.00K Pre Seed Round investment on 31 July 2023 by Techstars. This funding highlights the potential and relevance of ScoutIt's value proposition and innovative solutions in the burgeoning renewable energy and sustainability markets. Based in the United States, ScoutIt's concept revolves around minimizing the transport and associated costs of batteries to increase profitability for all actors involved in the value chain.

ScoutIt's holistic approach, overseeing the entire process and connecting all stakeholders from car makers to end-users of the battery-based storage system, positions the company as a key player in advancing the circular economy and sustainable energy practices.