Content text Research Report_Lithium-ion Battery (DNA Growth).pdf
Impact Investment Fund Research Report - Lithium-Ion Battery
The global lithium-ion battery market size is projected at $44.5 billion in 2022 and is expected to reach $135.1 billion by 2031, at a CAGR of 13.1%. [1] The electric vehicle (EV) market accounts for almost 80% of lithium-ion battery demand. High oil prices are supporting more markets to roll out zero-emission transportation policies, causing demand for lithium-ion battery to exceed 3,000 GWh by 2030. [2] There are an estimated >11 million tonnes of Li-ion batteries that will reach the end of their useful lifecycle by 2030 globally (on a cumulative basis), thus resulting in the increase of quantity in need of recycling each year. [3] The increase in the installed global capacity of Li-ion batteries will be funded by investments projected to exceed $620 billion over the next 21 years. [3] Market Overview Growing Demand of Electric Vehicle leads to adoption of Lithium-ion Battery mitigating Climate Change 44.5 135.1 0 20 40 60 80 100 120 140 160 2022 2031 Global Lithium-ion Battery Market Size (in $Billion)
Battery recycling with proprietary end-to-end technology 1.0 Cylib Greentech startup Cylib has revolutionized how lithium-ion batteries are recycled in Europe, making the process more efficient and sustainable by raising $3.59 million as European startups continue to pave the way forward in the Greentech sector. [2] Lilian Schwich (CEO & Co- Founder): She led the battery recycling group at the RWTH Aachen University’s IME and worked in carried out numerous consulting projects in the battery recycling industry. [1] Paul Sabarny (CTO): Managed the IME battery laboratory at RWTH Aachen University, collaborated and coordinated several nationally funded projects. [1] Dr. Gideon Schwich (COO): Has a background in business engineering and production technology. [1] The Cylib technology allows for the recovery of all battery components, regardless of whether the battery is live or dead. Cylib's proprietary end-to-end process is characterized by the resource-efficient, and eco friendly recovery of all valuable metals in an electric vehicle battery. The process was developed over the years at RWTH Aachen University. The Cylib process is also associated with a reduction in CO2 emissions. Cylib Into the Press Cylib Technology Management Team
Business Location Germany, Europe Number of Employees 2-10 Industry Fabricated Metal Products Total Funding[1] $3.59M Founded in 2022 Company Website https://www.cylib.de/ Company Name Date Funding Round Number of Investors Money Raised Investors Cylib[1] Oct 14, 2022 Seed 8 $3.59M Speedinvest, Vsquared Ventures Current Fundraising: 1.0 Cylib