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Netokracija |
Sunday,
11.09.2022.|
11:52
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Copy linkTozero Startup Collects EUR 3.5 Million for Development of Battery Recycling Technology
Dr Ksenija Milicevic Neumann, together with Sarah Fleischer, founded the Tozero startup, headquartered in Berlin, intending to develop a leading European company for the recycling of lithium-ion batteries.
Thanks to the leading European pre-seed financing fund Atlantic Labs, the Tozero startup has collected EUR 3.5 million.
– The investment is a big step for Tozero, because we are the first European startup in the field of battery recycling and it will enable us to build a prototype for technology testing to the end of the future capacity expansion – said Milicevic Neumann.
The facility will be located in Munich, the city which is expected to produce a third of lithium-ion batteries for the European market by 2030.
Thanks to the leading European pre-seed financing fund Atlantic Labs, the Tozero startup has collected EUR 3.5 million.
– The investment is a big step for Tozero, because we are the first European startup in the field of battery recycling and it will enable us to build a prototype for technology testing to the end of the future capacity expansion – said Milicevic Neumann.
The facility will be located in Munich, the city which is expected to produce a third of lithium-ion batteries for the European market by 2030.
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