Cibra Solutions, a Charlotte, NC-based provider of battery management and materials processor for end-of-life batteries and gigafactory manufacturing scrap, received $50M investment from Marubeni.
The company intends to use the funds to expand its operational presence addressing the needs of the market to create a sustainable closed loop battery materials supply chain.
Led by David Klanecky, President & CEO, Cirba Solutions focuses on battery management, taking batteries at end-of-life, processing them to extract critical materials and supply these materials back in the supply chain. Its end-to-end battery recycling management solutions offer battery-centric logistics, collection program solutions, second-life applications, and validate cathode production, with technological processes that emphasize environmental compliance.
It has six strategically located active operational facilities, and a seventh estimated to open at the end of 2023 in Arizona.
