Watercycle Technologies raises a pre-seed round led by Aer Ventures to advance mineral extraction systems.
Aer Ventures leads the pre-seed financing to support prototype development and scale testing of mineral extraction systems.
Watercycle Technologies has developed graphene based membrane systems designed to extract lithium and minerals from brines and recycled batteries.
Watercycle Technologies has secured a pre-seed investment round led by Aer Ventures. The Manchester based university spin out has engineered graphene based filtration systems aimed at extracting lithium and other critical minerals from brines and spent batteries.
The capital injection will enable the firm to refine its prototype technology and conduct scale testing at operational extraction and recycling sites. The systems hold the potential to supply domestic and continental markets with locally sourced lithium while reducing the environmental impact of electric vehicle supply chains.
Investor perspective
"Watercycle Technologies is exactly the type of business we exist to support. With a sustainable vision and a proven technology, the business has the potential to solve one of our major environmental problems – the need for critical minerals to support the transition to Net Zero. With serious commentators such as the IEA estimating the world could require over 50 times more lithium by 2040 than it produced in 2020, the innovation Watercycle Technologies provides has never been more essential and we are pleased to support the business in taking this game changing technology to market."
Chris Rowley
Managing Partner, Aer Ventures
Use of funds
- 01Fund research and development
- 02Build out infrastructure
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About the company
Watercycle Technologies
Watercycle Technologies develops advanced graphene based membrane systems to extract lithium and critical minerals.