Altilium Metals

Altilium's business model revolves around the collection and recycling of used EV batteries, particularly those from electric scooters and motorbikes. They have partnered with global EV company Vmoto to develop a commercial solution for this purpose across the UK and Europe. The process involves zero carbon battery collection, black mass recycling (a method of recycling that extracts valuable metals from used batteries), and chemical refining. The end product is battery-ready cathode active material (CAM), which can be reused in new batteries.

This unique offering not only promotes sustainability but also contributes to energy security by creating a circular supply chain. As the number of older EVs reaching the end of their lifespan increases, millions of batteries will need to be recycled. Altilium's services are therefore not only environmentally friendly but also cater to a growing market need.

In terms of revenue, Altilium makes money by selling the recycled CAM to battery manufacturers, who can then use it to produce new batteries. This approach allows Altilium to tap into the lucrative EV market while also promoting a more sustainable and energy-secure world.