German start-up Circunomics, which is developing a battery lifecycle management system, closed an €8-million Series A financing round in December 2024.

The company promotes the circular economy for lithium-ion batteries by “advancing internationalization and developing new digital services.” Circunomics provides a lifecycle management system featuring a digital business-to-business (B2B) marketplace and analytics that cover the entire battery lifecycle. 

Circunomics focuses on the B2B trade of used or surplus battery packs, modules, and cells via a digital marketplace. It facilitates transitioning energy storage systems from first-life use to second-life applications.

The company’s software enables a detailed analysis of each battery’s state of health (SoH) and uses digital twin technology to simulate which second-life applications best suit their performance potential. If batteries are unsuitable for second-life use due to their condition, they are directed to qualified recycling companies. Circunomics connects industry partners across all stages of the battery supply chain to enhance the reuse and recycling of batteries.

“Through our independent digital marketplace and detailed analytics, we aim to strongly contribute to bringing battery packs, modules, and cells into a meaningful, sustainable, and comprehensive circular economy,” said Circunomics CEO Felix Wagner. “Globally, by 2030, the automotive sector alone is expected to generate five to six million used vehicle batteries annually that will reach the end of their lifecycle.”

Source: Circunomics