Altilium, a UK-based clean technology firm, has announced a £30 million investment to build an electric vehicle (EV) battery recycling facility in Plymouth, marking a major step toward strengthening the country’s domestic supply of critical minerals and advancing net-zero goals.
The new ACT 3 facility, expected to begin commissioning in late 2026, will process battery materials from approximately 24,000 end-of-life EVs per year. The recovered lithium, nickel, and cobalt will be reused in UK battery production, supporting national energy security and industrial resilience. The facility is projected to generate more than 50 high-skilled jobs across engineering, R&D, and operations.
Altilium hosted representatives from Plymouth City Council and Devon County Council at the 174,000 square foot site to showcase construction progress and outline its role in establishing a circular economy for EV materials. The company says the investment will position Plymouth as a key player in the UK’s clean energy transition.
To date, Altilium has secured £14 million in inward investment from international backers including Chile’s SQMi, Japan’s Marubeni, and Mizuho Bank. As part of its funding strategy, Altilium plans to launch a Series B1 retail funding round on June 16 in collaboration with Republic Europe, providing local investors with an opportunity to participate in its growth.
