Cibra Solutions, a Charlotte, NC-based provider of battery management and materials processor for end-of-life batteries and gigafactory manufacturing scrap, received USD50M investment from Marubeni.
The company intends to use the funds to expand its operational presence addressing the needs of the market to create a sustainable closed loop battery materials supply chain.
Led by David Klanecky, President & CEO, Cirba Solutions focuses on battery management, taking batteries at end-of-life, processing them to extract critical materials and supply these materials back in the supply chain. Its end-to-end battery recycling management solutions offer battery-centric logistics, collection program solutions, second-life applications, and validate cathode production, with technological processes that emphasize environmental compliance.
It has six strategically located active operational facilities, and a seventh estimated to open at the end of 2023 in Arizona.
FinSMEs
10/02/2023