Clean-Tech Startup Secures Series C Funding for Sustainable Materials

Clean-Tech Startup Secures Growth Funding for Sustainable Materials

Cyclic Materials, a clean-tech company specializing in rare-earth recycling, has raised $75 million in Series C funding. The financing will help the startup scale its proprietary technology to recover rare-earth elements from electronic waste, reducing environmental impact and securing critical materials for industrial use.

Founded in 2021, Cyclic Materials uses chemical and mechanical processes to extract and purify rare-earth metals from end-of-life electronics, providing a sustainable alternative to traditional mining practices. The company’s technology focuses on efficiency, scalability, and environmental responsibility, offering industries a reliable source of essential materials without the ecological and geopolitical challenges of conventional extraction.

Addressing Resource Scarcity and Sustainability

Rare-earth elements are essential for high-tech applications such as electric vehicles, wind turbines, and consumer electronics. Traditional mining operations are environmentally damaging, expensive, and geographically concentrated, which creates both supply chain risk and ecological concerns. Cyclic Materials’ recycling approach provides a solution by recovering valuable metals from discarded electronics while significantly reducing the environmental footprint of material production.

The company’s process combines advanced chemistry with mechanical recovery techniques to ensure high yields of rare-earth elements, including neodymium, praseodymium, and dysprosium, which are critical for magnets, batteries, and other industrial applications. By closing the loop on these materials, Cyclic Materials contributes to a circular economy, enabling manufacturers to reclaim resources responsibly and sustainably.

Series C Funding Deployment

The $75 million raised in the Series C round will be used to:

1. Expand industrial-scale recycling facilities to handle higher volumes of electronic waste
2. Enhance recovery efficiency and purification technology to maximize yield and quality
3. Accelerate research and development for next-generation rare-earth recycling methods
4. Scale commercial partnerships with electronics and clean-tech manufacturers

Investors recognize Cyclic Materials’ ability to meet the growing global demand for sustainable sourcing of critical materials. This funding positions the startup to accelerate industrial adoption and establish itself as a leader in clean-tech recycling solutions.

Market Context and Competitive Landscape

The global rare-earth element recycling market is projected to reach $2 billion by 2027, driven by increasing demand for sustainable materials and the rapid expansion of high-tech manufacturing. Competitors include emerging startups such as Lynas Recycling, as well as traditional smelting and mining operations. Cyclic Materials differentiates itself through advanced chemistry, higher recovery rates, and a fully scalable process suitable for large-scale industrial applications.

The company’s technology not only addresses supply chain risk but also offers cost-effective alternatives to environmentally harmful mining practices. By recovering rare-earth elements from existing waste streams, Cyclic Materials reduces reliance on virgin materials, supports sustainable manufacturing, and contributes to broader global initiatives in clean energy and resource conservation.

Series C Funding: Looking Ahead

With $75 million in Series C funding, Cyclic Materials is poised to scale operations, expand market presence, and advance sustainable solutions for rare-earth supply chains worldwide. The startup’s innovative recycling technology bridges industrial needs with environmental responsibility, offering manufacturers a reliable path to secure critical materials while minimizing ecological impact.

Future plans include expanding partnerships with electronics companies, energy storage providers, and renewable energy manufacturers. Cyclic Materials also aims to continue investing in research and development to improve recovery efficiency, develop new recycling processes for additional materials, and explore international market opportunities.

By integrating cutting-edge chemical engineering with large-scale industrial capabilities, Cyclic Materials exemplifies the potential of clean-tech innovation to drive both economic and environmental benefits. Its work in rare-earth recycling contributes to a circular economy, promotes sustainable manufacturing practices, and positions the startup at the forefront of the global clean-tech sector, supporting industries worldwide in achieving greener, more responsible operations.