We are pleased to announce that Recyclus Group Ltd has secured a £1.1 million loan from Close Brothers Group PLC.
This funding represents a significant step forward in our growth journey and a strong endorsement of our circular economy model for Li-ion battery metals.
The capital will directly support the continued development of our Wolverhampton recycling plant, LiBatt Recycling, enabling us to scale production and meet increasing demand.
Over the five-year term, this strategic investment is expected to improve operational efficiency, increase productivity, and strengthen long-term revenue streams.
Robin Brundle, Executive Chairman and Co-Founder of Recyclus Group commented:
“We are pleased to have secured debt financing from Close Brothers, partnering with a leading financial institution to access non-dilutive capital in support of our growth strategy. Close Brothers has been impressed with our long-term vision, including plans to develop multiple facilities to meet the growing demand for lithium-ion battery recycling. As we scale our operations, Close Brothers has expressed an interest in deepening the relationship, further strengthening our position with the support of a financial partner that shares our confidence in the business and its future growth.”
We look forward to building on this partnership as we expand our sustainable battery recycling operations nationwide.
