UK Startup Altilium Secures Funding for EV Battery Recycling Facility
Altilium, a UK-based clean technology company, has received £18.5 million in grant funding from the DRIVE35 Scale-Up Fund to establish the country's first commercial refinery for recycling electric vehicle (EV) batteries. The facility, located in Plymouth, Devon, will process 24,000 EV batteries annually using Altilium's EcoCathode™ process, which significantly reduces carbon emissions compared to traditional mining. This initiative is part of the UK government's broader strategy to enhance domestic EV supply chain and battery manufacturing capabilities. 
