French battery recycler obtains major investment

Archiv – Hazardous waste management specialist and battery recycler Recupyl S.A.S., which is headquartered in Grenoble, France, has received a commitment for a Euro 14.5 million (US$ 18.7 million) capital injection.
Recupyl currently has recycling plants in Singapore, France, Spain and the UK (under license) and is developing many other opportunities.France | Hazardous waste management specialist and battery recycler Recupyl S.A.S., which is headquartered in Grenoble, France, has received a commitment for a Euro 14.5 million (US$ 18.7 million) capital injection.
Recupyl currently has recycling plants in Singapore, France, Spain and the UK (under license) and is developing many other opportunities. In addition to the battery recycling division, the company also has several other high potential patented technologies undergoing commercialisation, all focused on the recycling of hazardous and industrial wastes.
In the last two years, Recupyl has established a number of battery recycling plants which, according to a company statement, ’not only exceed current and future regulatory requirements (in particular for minimum recycling rates) in accordance with the EU Battery Directive, but also have a very low impact on their local environment in terms of emissions to air, soil and water.’
The investors include its original backer Aloe Private Equity, as well as new investors, led by AGF Private Equity, to fund the next stage of its commercial development. Seed investor INPG Enterprise SA also maintains its shareholding.
Company founder Dr Farouk Tedjar says: ‘€˜Since Aloe Private Equity’€™s first investment in mid 2006, we have proven our technology and ability to deliver, and have laid the foundations for the next stage of growth. This investment will enable the company to exploit its pipeline of projects, and add the key skills and strengths to the management team.’€™
Aloe Private Equity Investment Manager Mark Baij comments: ‘€˜Aloe is pleased to continue its support of Recupyl together with the new investors for the funding of the next stage of growth. Since Aloe’€™s original funding two years ago the company has proven its battery recycling technology, delivered several industrial plants and has proved their commercial viability. Recupyl has also furthered the commercialisation of other innovative recycling technologies.’€™