Update
16 Jun 2025

Cyclic Materials
Cyclic Materials is a rare earth magnet recycler founded in 2021 and based in Ontario, Canada. Cyclic Materials recovers rare earth oxides from end-of-life magnets using patented Mag-Cycle™and REEPure™ technologies - a hydrometallurgical extraction process. Rare earth magnets are sourced from manufacturing scrap (swarf), EV motors, wind turbine generators, and electronics waste. IDTechEx spoke with Patrick Nee, Co-Founder and SVP of Strategic Partnerships at the E-Waste, Metal, Battery Recycling show in Frankfurt, Germany.
Full profile interview
24 Mar 2025

Solid Power
Solid Power was established in 2012 as a spin-out from the University of Colorado Boulder. Founded by Doug Campbell, Conrad Stoldt, and Sehee Lee, the company initially received funding from DARPA to explore next-generation solid-state battery technology. By 2013, Solid Power secured US$4.5 million in funding from ARPA-E and other non-dilutive sources, such as the Department of Defense and NASA. This early support enabled the company to transition out of the university's research labs and begin independent operations.
Background
20 Mar 2025

Solvay
Solvay works on a polymer-based solid-state battery technology.
19 Mar 2025

The Evolution of the EV Battery Cover Towards Composites
IDTechEx discusses the pros and cons of composite EV battery covers, as well as innovations, current market adoption and an outlook for future adoption.
21 Feb 2025

EV Direct Dielectric Cooling - Immersion Cooling & Thermal Management
Sourcing the most effective means of keeping vehicle batteries cool is a task explored extensively in IDTechEx's latest report, "Thermal Management for Electric Vehicles 2025-2035: Materials, Markets, and Technologies". The report covers many thermal management approaches for electric vehicles, including immersion cooling, and the respective players aiming to make their uptake more widespread.
Background
25 Nov 2024

Inovyn
Inovyn, a subsidiary of INEOS, is a leading European producer of vinyls and specialty chemicals, providing sustainable PVC and other advanced materials for various industries, including automotive. The company focuses on circular solutions, such as recycled and bio-attributed PVC, to reduce environmental impact and support sustainable product development.
Full profile interview: Company financials
25 Nov 2024

Cyclic Materials
-Series A (2023): US$27M
-Series B (2024): US$53M
Notable investors include BMW i Ventures, Hitachi Ventures and Microsoft.