Watercycle Technologies completes its pre-seed funding round led by Aer Ventures
(24 May 2022, Manchester UK) - Watercycle Technologies is delighted to announce the completion of its investment round led by Aer Ventures. This investment will allow the business to further develop our prototype solutions and test them at scale at UK-based lithium extraction and battery recycling locations. Seb Leaper, CEO, says, “we are very grateful for the support of Aer Ventures in this journey as they share our ambition to help build a sustainable, circular economy for future generations to enjoy.”
Aer Ventures is a business accelerator for entrepreneurs focused on making a meaningful positive impact on the resource and environmental challenges facing the world. Chris Rowley, Managing Partner of Aer Ventures, adds, “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.”
The University of Manchester Innovation Factory is the organisation dedicated to driving the commercialisation of the University’s innovation and intellectual property. Andrew Wilkinson, CEO, says: “this new University of Manchester spinout has amazing potential to significantly reduce the cost and environmental impact of lithium production. It also enables countries with access to lithium-rich brines and recycled batteries, like the UK, to become self-sufficient in this strategically vital raw material.”