Mecaware secures €2.5M grant from EIC Accelerator for battery recycling technology

Mecaware, a French cleantech industrial startup specializing in strategic metal recycling from battery waste, has secured a €2.5 million grant from the European Innovation Council's EIC Accelerator program. This financing, announced on March 5, 2026, is a direct investment into the development and scaling of its innovative battery recycling technology. The grant underscores a strategic commitment from the EIC Accelerator to foster European innovation in critical raw material supply chains and support circular economy initiatives within the cleantech sector. While the €2.5 million value is modest in the broader infrastructure landscape, its significance lies in the nature of the funding—a grant—and the recipient, an early-stage cleantech startup. The EIC Accelerator's involvement highlights a strategic push to de-risk and accelerate the commercialization of promising European technologies. This deal positions Mecaware to advance its technology in a market experiencing rapid growth, driven by increasing electric vehicle adoption, renewable energy storage demands, and stringent regulatory pressures for sustainable resource management and domestic supply chain resilience in Europe.