Recyclus Group
Recyclus Group operates the UK's first industrial-scale lithium-ion battery recycling facility in Wolverhampton, recovering black mass and critical cathode metals from end-of-life batteries for enterprise customers across automotive, defence, healthcare, and industrial sectors.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Recyclus Group does
Recyclus Group Ltd is a UK-based private company and subsidiary of Technology Minerals Plc (48.35% ownership), operating the United Kingdom's first industrial-scale lithium-ion battery recycling facility in Wolverhampton, West Midlands, since July 2023. The company recovers black mass containing lithium, cobalt, nickel, and manganese from end-of-life lithium-ion batteries using an in-house engineered process that combines mechanical separation under inert nitrogen atmosphere with vacuum drying for electrolyte recovery, precision screening, and proprietary chemical processing. Its technology stack includes a patented Short-Loop Refining Process that converts black mass directly into Cathode Active Material (CAM), a waterless processing method with lower energy demands than pyrometallurgical alternatives, and the LiBox, a UN P911-certified, ADR-compliant fire-safe container system for storage and transport of lithium-ion batteries.
The company's revenue model centres on three streams: black mass production and sales (with a commercial offtake agreement with Glencore enabled by Transfrontier Shipment licensing), recovery and sale of copper and aluminium as separate commercial outputs, and battery collection and processing service fees. Recyclus serves a diversified enterprise customer base spanning automotive (Ocado, Jaguar Land Rover, a major global automotive OEM), defence (Ministry of Defence), retail (Halfords), waste management (Seed Environmental, Bucher Municipal), e-mobility (Beryl), healthcare (NHS trusts and hospitals), and industrial clients, with quote-based pricing determined by volume, battery type, chemistry, and condition. Distribution is direct B2B through the single Wolverhampton facility plus UK-wide collection services and European black mass exports, with no intermediaries.
Recyclus is 48.35%-owned by London-listed Technology Minerals Plc and has raised approximately £12.95 million cumulatively across grants (£8.1m Project COMET, £400k ReCAM from £3m programme), debt (£1.1m Close Brothers, £100k bridge), and equity (£350k subscription, plus a Crowdcube campaign at £30m pre-money valuation). The company reported 179% year-on-year revenue growth in 2025, achieved its first positive monthly cash flow and first profitable months in July-August 2025, and was named Sustainability Innovator of the Year at the Innovation Awards 2025. Strategic positioning centres on being the UK anchor for short-loop and hydrometallurgical battery refining through consortium projects (Project COMET with JLR/Mint Innovation/WMG; ReCAM with UKBIC/Watercycle/Polaron) targeting the projected 94,000 tonnes annual UK black mass market by 2040.
Recyclus Group firmographics
Firmographics- Name
- Recyclus Group
- Legal name
- Recyclus Group Ltd
- Website
- https://recyclusgroup.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Recyclus Group operates the UK's first industrial-scale lithium-ion battery recycling facility in Wolverhampton, recovering black mass and critical cathode metals from end-of-life batteries for enterprise customers across automotive, defence, healthcare, and industrial sectors.
- Ownership category
- akta.pro rank
Recyclus Group industry classification
Industry- Product category
- Battery Recycling & Critical Minerals Recovery
- NAICS
- Hazardous Waste Treatment and Disposal (562211), Materials Recovery Facilities (562920)
- SIC
- Hazardous Waste Management (4955)
- akta.pro primary industry
- Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF)
- akta.pro secondary industries
- Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA), Battery Recycling, Second-Life & Remanufacturing (IMAGAHAL)
Keywords
Where Recyclus Group is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Recyclus Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Black Mass Production and Sales: Primary revenue stream from processing end-of-life lithium-ion batteries into black mass (concentrated material containing lithium, cobalt, nickel, manganese) which is sold to offtake partners. Has secured commercial offtake agreement with Glencore. Delivered over 128 tonnes of black mass commercially.
- Copper and Aluminium Recovery: Revenue from recovering copper and aluminium as separate commercial outputs from battery processing. Equipment installed at Wolverhampton facility expected to generate approximately £8,000 per tonne for copper and £1,300 per tonne for aluminium based on current London Metal Exchange pricing.
- Battery Collection and Processing Services: Service fees for end-to-end battery recycling services including collection, safe storage, transportation, and processing. Provides complete solution for collecting and processing end-of-life lithium-ion batteries from various sectors.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Recyclus Group product offering
Product offeringCore offering
Recyclus Group operates the UK's first industrial-scale lithium-ion battery recycling facility in Wolverhampton, processing end-of-life batteries from automotive, healthcare, defence, e-mobility, energy, waste management, and consumer electronics sectors. The company provides an end-to-end solution covering battery collection, fire-safe storage and transportation (via proprietary LiBox containers), and processing into black mass containing lithium, cobalt, nickel, and manganese. Recovered black mass and metals (copper, aluminium) are sold through commercial offtake agreements, with key offtake partner Glencore.
Product overview
Recyclus Group offers an integrated lithium-ion battery recycling service centred on its industrial-scale Wolverhampton facility (LiBatt Plant), capable of processing 22,000 tonnes annually. The core offering combines three linked services: The Complete Solution (end-to-end collection and processing), Lithium-Ion Battery Recycling (industrial-scale black mass recovery from any battery type/chemistry), and LiBox (proprietary UN-certified fire-safe storage and transport containers). The company recovers critical cathode metals (lithium, cobalt, nickel, manganese) from end-of-life batteries and sells black mass through commercial offtake agreements. Recent additions include Project COMET (alkaline-based refining) and ReCAM (modular short-loop refining), both consortium initiatives to expand domestic refining capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- LiBox: A proprietary, UN-certified, ADR-compliant steel-fabricated container for safe storage and transportation of lithium-ion batteries, rated to 20kWh power capacity with Lithium Battery Fire Protection Pillows.
Products and services
- The Complete Solution An embedded single solution for collecting and processing end-of-life lithium-ion batteries, combining logistics, safe storage, transportation, and industrial-scale recycling into one integrated service for enterprise customers.
- Lithium-Ion Battery Recycling Industrial-scale recycling process capable of processing any type of lithium-ion battery regardless of type, chemistry, or condition. Recovers black mass containing lithium, cobalt, nickel, and manganese cathode metals.
- LiBox UN-certified, ADR-compliant fire-safe container designed for safe storage and transportation of lithium-ion batteries. Rated to 20kWh power capacity with Lithium Battery Fire Protection Pillows for fire containment, Packing Group I certified.
- Black Mass Recovery Recovery process that converts shredded lithium-ion batteries into black mass - a concentrated material rich in lithium, cobalt, nickel, and manganese - suitable for re-entry into the battery supply chain. Sold through commercial offtake agreements including with Glencore.
Quantifiable outcome
- 179% year-on-year revenue growth in 2025
- +8 more outcomes
Companies that use Recyclus Group
Customer profileNamed customers11 records
Segments8 records
Ideal customer profiles3 records
Recyclus Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Recyclus Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, strategic and minor.
- UK Battery Industrialisation Centre (UKBIC)corePart of ReCAM consortium developing modular lithium-ion battery recycling technology. UKBIC provides battery industrialisation expertise and facilities for the patented short-loop refining process converting black mass to cathode active material.
- Watercycle TechnologiescoreLeads ReCAM consortium developing pioneering lithium-ion battery recycling technology. Partnership focuses on converting black mass into cathode active material using patented short-loop refining process.
- PolaroncoreContributing AI-based materials platform to ReCAM project for characterising and optimising recycled cathode materials for battery-grade use. Polaron's AI platform optimises the recycled cathode's microstructure and performance.
- Faraday InstitutionstrategicExecutive Chairman Robin Brundle appointed Trustee of the Faraday Institution, UK leading research community in electrochemical energy storage. Strengthens bridge between industry, innovation and policy shaping UK's battery strategy.
- GlencorecoreBlack mass offtake agreement for selling recovered black mass materials. TFS licence enables compliant export to Glencore under European offtake agreement. First shipment delivered to Europe marking commercial transition.
- Tata Consultancy Services (TCS)minorMet during UK-India trade delegation. TCS employs 22,200 UK citizens and contributed £1.6bn to UK GDP in 2024. Discussions laid foundations for potential long-term partnerships in battery recycling and technology.
- Mint InnovationcoreProject COMET partner demonstrating low-carbon, hydrometallurgical process for refining black mass into metal salts. Using alkaline solution approach for black mass separation. Partnership includes £8.1m funding from APC and Department for Business and Trade.
- Jaguar Land Rover (JLR)coreProject COMET partner providing end-of-life Li-ion batteries taken from their EVs for recycling. Will test new materials produced from recycled black mass for EV battery performance to complete the circular loop.
- WMG, University of WarwickcoreProject COMET academic partner converting recovered metal salts into cathode active materials and battery cells for re-use. Provides research expertise and testing capabilities for battery performance validation.
- BatX EnergiesstrategicPotential Indian partner for acid-based black mass separation process. Head of Research Dr Anton Zorin conducted technical due diligence visit to examine BatX's processing methods, R&D and production facilities outside Delhi. Twin-track strategy exploring both acid and alkaline routes.
Scale indicators17 records
Recent moves6 records
Expansion highlights7 records
Recyclus Group competitors and assessment
Company assessmentDirect peers
- Ascend Elements: US-based Li-ion recycler pursuing direct cathode-to-CAM recycling (Hydro-to-Cathode process). Direct competitor in the short-loop/cathode-active-material space that Recyclus is targeting through its ReCAM project.
- Li-Cycle: Canada-headquartered lithium-ion battery recycler operating the Spoke & Hub model with mechanical processing into black mass and downstream refining. Most direct global comparable to Recyclus's mechanical Li-ion recycling and black-mass offtake model.
- Redwood Materials: US-based Li-ion battery recycler founded by former Tesla CTO, recovering critical materials from end-of-life batteries and production scrap for re-entry into the supply chain. Comparable end-to-end closed-loop ambition and OEM-customer relationships.
Broad incumbents
- Umicore: Belgian materials technology group with established battery materials refining and recycling operations. Sets benchmark pricing and offtake terms for black mass and refined battery chemicals globally.
- GEM Co. Chinese battery materials and recycling company with the largest Li-ion recycling capacity globally. Sets global black-mass pricing benchmarks and competes for European automotive supply.
- Northvolt: Swedish battery manufacturer with embedded recycling capability (Revolt program). Represents vertically integrated competition combining cell production with end-of-life recycling at gigafactory scale.
- Glencore: Swiss mining and commodities giant that is Recyclus's anchor offtake partner and one of the largest global traders/refiners of cobalt, nickel, and battery raw materials. Customer today, but also a potential competitor/vertically-integrated player in recycling.
- Fortum: Finnish energy group operating a commercial-scale Li-ion battery recycling facility using a hydrometallurgical process. Comparable process and serves European automotive OEMs as Recyclus is targeting.
Emerging players
- Hydrovolt: Joint venture between Norsk Hydro and Northvolt operating an industrial-scale Li-ion battery recycling plant in Norway. Closest European operational peer and direct competitor for continental black-mass supply and refining capacity.
- Aqua Metals: US-based company using water-based hydrometallurgical recycling to recover critical battery materials. Comparable low-emission, water-lean processing positioning to Recyclus's waterless recycling technology.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Recyclus Group social profiles
Digital presenceRecyclus Group compliance and trust
Trust signalCompliance7 records
Recyclus Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Recyclus Group leadership team
Management profileNumber of profiles
Profiles9 records
Recyclus Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Recyclus Group funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Recyclus Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Recyclus Group
What does Recyclus Group do?
Recyclus Group operates the UK's first industrial-scale lithium-ion battery recycling facility in Wolverhampton, processing end-of-life batteries from automotive, healthcare, defence, e-mobility, energy, waste management, and consumer electronics sectors. The company provides an end-to-end solution covering battery collection, fire-safe storage and transportation (via proprietary LiBox containers), and processing into black mass containing lithium, cobalt, nickel, and manganese. Recovered black mass and metals (copper, aluminium) are sold through commercial offtake agreements, with key offtake partner Glencore.
Is Recyclus Group a public or private company?
Recyclus Group is a private company. It is classified as corporate owned and is currently operating.
When was Recyclus Group founded?
Recyclus Group was founded in 2023. It employs 11 to 50 people.
Where is Recyclus Group based?
Recyclus Group is headquartered in London, United Kingdom, in the Europe region.
How does Recyclus Group make money?
Three revenue lines are on record. Black Mass Production and Sales are the primary driver. The others are copper and Aluminium Recovery and battery Collection and Processing Services.
Who are Recyclus Group's main competitors?
Direct peers on record are Ascend Elements, Li-Cycle and Redwood Materials. Broad incumbents are Umicore, GEM Co., Northvolt, Glencore and Fortum. Emerging players are Hydrovolt and Aqua Metals.
Does Recyclus Group have an API?
No public API is recorded for Recyclus Group.
What industry is Recyclus Group in?
Recyclus Group's product category is Battery Recycling & Critical Minerals Recovery. Its primary akta.pro industry code is EUAIAIAF, Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling), with a secondary code of EUAFACAA, Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking). Its NAICS code is 562211 and its SIC code is 4955.