German startup Circunomics has raised over €8 million in a Series A funding round led by GET Fund and Schaeffler Invest GmbH, a subsidiary of the German automotive supplier Schaeffler. Existing investors, including Poland’s Orlen Group and Germany-based GG Rise, also participated in the financing.
The Mainz-based company plans to use the capital to accelerate its international expansion and enhance its product offerings with new digital services. Circunomics provides a battery lifecycle management platform that includes a digital marketplace and AI-powered analytics. The solution facilitates B2B trading of used and surplus batteries, modules, and cells while enabling the transfer of energy storage systems from first-life to second-life applications.
“Our independent digital marketplace and detailed analytics enable us to contribute to a sustainable circular economy by optimizing the reuse and recycling of battery packs, modules, and cells,” said Felix Wagner, Co-Founder and Managing Director of Circunomics. He noted the growing need for effective lifecycle solutions, with projections indicating that by 2030, five to six million used vehicle batteries will reach the end of their lifecycle annually in the automotive sector alone.
Circunomics leverages AI-based software to assess battery health and simulate their suitability for second-life applications, such as stationary energy storage systems. If further use is viable, the batteries are marketed for reuse; otherwise, they are directed to certified recycling facilities. This approach aligns with growing industry efforts to extend the life of electric vehicle batteries and minimize environmental impact.
“With the rapid adoption of electric vehicles and renewable energy, the demand for solutions that bridge end-of-life battery supply with storage needs is crucial,” said Julian Klaiber, Principal at GET Fund. “Circunomics delivers significant value by creating a comprehensive circular economy for batteries, benefiting customers and the environment alike.”
Circunomics plans to utilize the funding to strengthen its position in the global market and expand its portfolio of digital services. Co-Founder and CTO Jan Born stated, “In parallel with internationalisation, we are working intensively on broadening our product offerings to support sustainable battery usage across sectors.”
Schaeffler, known for its robust after-sales organization, highlighted its interest in collaborating with Circunomics. “We see great potential in Circunomics’ lifecycle management solutions and digital marketplace, particularly for electromobility and industrial applications,” said Jens Schüler, Board Member of Vehicle Lifetime Solutions at Schaeffler AG.
As the market for second-life batteries grows, Circunomics’ platform aims to play a critical role in reducing reliance on rare materials, cutting carbon footprints, and unlocking economic opportunities for businesses in the electric mobility and renewable energy sectors.
