Circunomics

About Circunomics

Circunomics is a pioneering startup that operates in the burgeoning electric vehicle (EV) battery industry. The company provides a unique platform that helps businesses maximize their profits from battery supplies, while also promoting a circular battery economy. This means that instead of discarding batteries after their first use, they are repurposed or recycled, creating a sustainable loop.

Circunomics primarily serves clients in the mobility sector, such as electric vehicle manufacturers and other businesses that rely heavily on battery power. As the EV market is projected to grow significantly, with around 60% of all passenger vehicles expected to be electric by 2030, the potential client base for Circunomics is vast.

The company's business model revolves around Battery Lifecycle Management. This involves using advanced analytics to accurately determine the remaining value (State of Health or SoH) of used batteries. With this information, businesses can make informed decisions about whether to repurpose or sell their used batteries, thereby extracting maximum value from them.

Circunomics makes money by facilitating battery trades on its intelligence-packed platform. In 2023 alone, the company successfully traded over 200MWh, establishing itself as a market leader in this niche sector.

In summary, Circunomics is a forward-thinking startup that is capitalizing on the growth of the EV market. It provides a valuable service that not only helps businesses profit from their used batteries but also promotes sustainability in the industry.