Felix Wagner

Circunomics

Circunomics is building the World's largest virtual battery recycling and second life network. Today, we manage 1.5 GWh of spent batteries and 5,000 tons of recycling capacity. We are tackling one of the largest and most profitable problems of the Circular Economy: "How to enable efficient data, material trading and recycling processes in the Circular Battery Economy?"​ By 2030, 11 million tonnes lithium-ion batteries will have to be recycled. The lack of standards in processes, certification, track & trace technology results in high process and transaction costs, the loss of valuable raw materials, and prevents the development of recycling and second life scenarios worth over USD 8 billion annually. Circunomics aims to (1) reduce friction, build trust between market participants and increase market transparency to achieve a positive cost-benefit ratio for the private sector; (2) achieve significant waste reduction of precious battery resources, creating a profitable battery aftermarket, and to reduce the dependency of foreign lithium and cobalt supply; and (3) enable significant product, service model and process innovations for the Circular Economy.