Altilium

Altilium, a Devon-based clean tech company, has secured £18.5m in government funding to build the UK's first commercial refinery for recovering critical battery materials from end-of-life electric vehicles.

Summary of transaction details:

• Value: £18.5m
• Sector: Sustainability
• Advisor: Not disclosed
• Key Entities: Altilium, Department for Business and Trade, Advanced Propulsion Centre
• Location: UK

Note: The funding will support the development of a domestic circular supply chain for low carbon battery materials in the UK, reducing reliance on international supply chains and promoting sustainable practices.