Altilium Secures $9.43M Series A Funding for Expansion
Altilium, a London, UK-based clean technology group, recently secured $9.43M in Series A funding, bringing their total funding to $12M. The investment came from SQM Lithium Ventures, a key player in the energy transition space. With this new capital injection, Altilium plans to expand their operations and continue developing their innovative solutions.
Under the leadership of CEO Kamran Mahdavi, Altilium is focused on supporting the global push towards net zero emissions.
They specialize in providing sustainable sources of cathode and anode materials for the automotive supply chain. Through their proprietary EcoCathode™ process, Altilium converts end-of-life EV batteries and manufacturing scrap into high-quality battery precursors, helping to reduce reliance on new raw materials.
Kamran Mahdavi expressed his excitement about the recent funding round, highlighting it as a significant milestone for Altilium. He emphasized the progress the company has made over the past year and expressed gratitude for the support from SQM Lithium Ventures and the dedicated team at Altilium. Moving forward, Altilium aims to further advance their mission of driving the energy transition towards a more sustainable future.
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