R3 Robotics Secures €20M to Scale Automated Disassembly of Electric Vehicle Components
R3 Robotics, formerly Circu Li-ion, has raised €20 million in funding to advance automated disassembly of electric vehicle systems. The financing includes €14 million from Series A and €6 million in European grants. This investment will enhance R3's capabilities in recycling complex electrified components, supporting European recycling regulations. The company collaborates with Fortum Battery Recycling and automotive manufacturers to optimize material recovery. R3's facility in Karlsruhe, Germany, serves as a model for its future expansion.
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R3 Robotics has raised €20 million, including €14 million in Series A funding co-led by HG Ventures and Suma Capital, and €6 million in European grants, to scale automated disassembly of electric vehicle systems. The funding supports the company's transition from Circu Li-ion to R3 Robotics and its goal to automate dismantling processes for lithium-ion batteries and other components.
R3 Robotics' platform uses AI and robotics to reduce hazards and improve efficiency in recycling. Regulatory frameworks like the Critical Raw Materials Act and the EU Battery Regulation are driving the need for enhanced recycling solutions.
R3 partners with Fortum Battery Recycling and automotive manufacturers to recover critical materials. Its Karlsruhe facility showcases its industrial capabilities and targets Germany and France as key markets.
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