Renewable Metals has secured A$12 million in Series A funding to expand development of its battery recycling technology and establish a prototype recycling facility in Western Australia.
The Perth-based company said the financing will support construction of a prototype plant in Kewdale, scheduled to begin operations in mid-2026, as well as the design of its first commercial-scale recycling facility in New South Wales.
Renewable Metals said the Kewdale plant is expected to scale to processing up to 2,000 tonnes of batteries annually, equivalent to roughly 4,000 electric vehicle battery packs.
The company said the funding round exceeded its original A$8 million target and attracted participation from existing and new investors.
The round was led by Clean Energy Finance Corporation and managed by Virescent Ventures, with participation from European Metal Recycling, Investible, Climate Tech Partners and Neglected Climate Opportunities.
Renewable Metals said its recycling process is designed to process multiple battery chemistries, including NMC, LCO and LFP batteries, through a single production line without requiring battery sorting or dismantling before processing.
The company said the system can process battery production scrap, black mass, battery cells and full battery packs simultaneously.
“Processing NMC and LFP together has been the unsolved problem in battery recycling,” said Blair Pritchard, partner at Virescent Ventures.
“Their single-line process handles both chemistries together, which is technically non-trivial and commercially significant as LFP’s share of the market continues to grow,” Pritchard added.
Renewable Metals said its alkaline separation process is designed to recycle reagents and wastewater while reducing waste streams associated with conventional battery recycling methods.
The company is also pursuing a modular facility design strategy aimed at lowering capital costs and enabling smaller-scale plants to be deployed closer to battery waste sources.
According to Renewable Metals, the newly raised capital will support operation of the Kewdale pilot facility through early 2028 and contribute to front-end engineering and design work for a planned commercial facility in the Hunter region of New South Wales.
Luan Atkinson, chief executive of Renewable Metals, said the company’s process was designed to reduce the cost and complexity of battery recycling infrastructure.
“By delivering high recovery at low cost without large, centralised facilities, we can build plants sized for near-term feedstock, and scale with the market over time,” Atkinson said.
“This avoids capital-intensive overbuild while enabling a distributed network close to feedstock sources globally, reducing the cost and complexity of transporting hazardous materials,” he added.
The company said it also plans to expand its research, engineering and commercial teams as part of its broader international growth strategy.
