R3 Robotics (formerly Circu Li-ion) has announced €20 million in combined financing to industrialize automated disassembly of electric vehicle systems at scale.
The company has raised €14 million in Series A funding, co-led by HG Ventures and Suma Capital, with participation from Oetker Collection KG, the European Innovation Council Fund (EIC Fund), and existing shareholders including BonVenture, FlixFounders, and EIT Urban Mobility, alongside €6 million in European grants.
The funding coincides with the company’s rebranding from Circu Li-ion to R3 Robotics and a clear expansion of scope: from battery disassembly to automated dismantling of complete electric vehicle systems, including e-drives, power electronics, and other high-value components. [Read more…] about R3 Robotics secures €20 million to scale automated disassembly of electric vehicle systems