tozero
Assembly Line
tozero raises €11 million to expand recycled lithium production
tozero, a Munich-based battery recycling startup, has raised €11 million in an oversubscribed seed funding round led by NordicNinja, with new investors including In-Q-Tel, Honda, and JGC Group. Existing investors Atlantic Labs, Verve Ventures, and Possible Ventures also participated in the round.
Founded in 2022 by Sarah Fleischer and Dr. Ksenija Milicevic Neumann, tozero focuses on sustainable lithium-ion battery recycling, addressing Europe’s lithium supply gap by recovering critical raw materials and reintegrating them into global supply chains. This latest funding will support tozero’s plans to build its first industrial-scale plant and scale up production of recycled lithium in Europe.