Portfolio company R3 Robotics (formerly Circu Li-ion) has raised €14 million in Series A funding, co-led by HG Ventures and Suma Capital, with participation from Oetker Collection, the European Innovation Council Fund (EIC Fund), and existing shareholders including BonVenture, FlixFounders, and EIT Urban Mobility, alongside €6 million in European grants.
The funding coincides with the company’s rebranding from Circu Li-ion to R3 Robotics and a clear expansion of scope: from battery disassembly to automated dismantling of complete electric vehicle systems, including e-drives, power electronics, and other high-value components. The long-term ambition is to enable fully automated disassembly across entire vehicle systems. The new name reflects the company’s industrial focus – Repair, Reuse, Recycle – powered by robotics.
Johannes Kirschner, Investment and Portfolio Manager at EIT Urban Mobility, stated: “R3 Robotics exemplifies the kind of innovation that drives systemic impact. They combine technical excellence with a clear mission to make Europe’s battery ecosystem circular and sustainable.”
Industrial disassembly at scale (....)