North Carolina-based Cirba Solutions has raised a $50M funding round to provide battery management solutions for end-of-life batteries.
The company extracts key materials from end-of-life batteries and then reuses them for other products in the supply chain.
- Cirba Solutions aims to use the funding to open a new manufacturing plant in Arizona in addition to the company's six existing plants.
- The company has raised over $300M since its inception.
- Marubeni led this funding round.
- Cirba is based in Charlotte, North Carolina.