Deals Counterparts

Mecaware secures €2.5M EIC Accelerator grant for battery metal recycling plant

Financing announced Béthune, France
development
Stage

Mecaware received a €2.5 million grant from the EIC Accelerator program to develop an industrial pilot plant in Béthune for recycling metals from end-of-life batteries.

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Deal Analysis

Mecaware, a French tech company and Saint-Gobain subsidiary, has landed the full €2.5 million EIC Accelerator grant to pivot into battery metal recycling. This significant EU backing will fund an industrial pilot plant in Béthune, Hauts-de-France, specifically targeting end-of-life batteries. It marks a strategic expansion for a company primarily known for silicon carbide substrates, now leveraging deep-tech support from the EIC program. The project is currently in its development stage, aiming to establish crucial infrastructure for the circular economy.
  • €2.5M grant, the maximum EIC Accelerator provides.
  • Mecaware is a subsidiary of the Saint-Gobain Group.
  • Project focuses on an industrial pilot plant for end-of-life battery metal recycling.
  • Located in Béthune, Hauts-de-France, France.

Source Intelligence

KEY DETAILS

The pilot plant is expected to produce more than 8,000 tonnes of metals per year by 2029. Quote: 'permettra à l’entreprise de produire plus de 8 000 tonnes de métaux par an à horizon 2029'. The €2.5 million EIC Accelerator grant provides access to an equity investment of up to €10 million. Quote: 'La subvention européenne de 2,5 millions d’euros de l’EIC Accelerator lui ouvre l’accès à un investissement en equity pouvant atteindre 10 millions d’euros'. The project will create a hundred direct jobs. Quote: 'avec la création d’une centaine d’emplois directs'. Mecaware's technology recycles strategic metals from battery waste, specifically lithium, cobalt, and nickel, into carbonates or metallic hydroxides. It is a closed-loop system that uses no impactful inputs, generates no effluents, and requires little external energy. Quote: 'Nous valorisons des métaux essentiels comme le lithium, le cobalt et le nickel, sous forme de carbonates ou d’hydroxydes métalliques, répondant aux normes de la filière batterie. Notre technologie, en circuit fermé, n’utilise pas d’intrants impactants, ne génère pas d’effluents – notamment les sulfates– et requiert peu d’énergie externe'

Deal Size
obtient 2,5 millions d’euros de subventions du programme européen EIC Accelerator.
Location
Projection de l’usine pilote à Béthune. Image : Mecaware
Announcement
mars 5, 2026
COD
Sa mise en service, prévue fin 2026
PARTIES MENTIONED IN SOURCE
M
Mecaware developer

"la start-up Mecaware obtient 2,5 millions d’euros de subventions du programme européen EIC Accelerator."

E
EIC Accelerator investor

"programme européen EIC Accelerator."

high quality Enriched Mar 9, 2026

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