Devon-based clean technology company Altilium is proud to announce that it has grown to over 50 employees as it continues to expand its EV battery recycling operations, creating new green jobs and attracting international investment to the region. 

The latest expansion follows significant inward investment in the company in the first quarter of 2025, including a $2.5m investment from leading global bank Mizuho Bank and a $5m strategic investment from leading Japanese trading and investment group Marubeni Corporation. 

Altilium’s continued growth underlines its commitment to supporting the UK’s transition to a low-carbon economy and establishing Devon as a hub for clean technology innovation. The company’s recent recruitment drive has seen specialists in chemical and mechanical engineering from across the UK join the team, as well as the appointment of David Cartwright in the new role of Managing Director. Further roles expected to be created in the coming months. 

With the support of Mizuho and Marubeni, the company is continuing to scale-up its UK recycling operations, including the continued expansion of its cutting edge ACT 3 recycling facility in Plymouth. The 18,000 square foot facility, the first of its kind in the UK, is able to recover large volumes of critical metals such as lithium from end-of-life EV batteries, thus reducing the UK’s reliance on imported raw materials and making EVs even greener. 

Emily Hatcher, Head of People and Culture at Altilium, commented: “We’re excited to hit this major milestone and exceptionally proud of what our teams have achieved so far. Our success is built on the hard work and dedication of our people who have shaped Altilium into the dynamic, leading force in EV battery recycling that it is today. Our teams across R&D, Engineering and Business Operations are driving advancements in clean technology every day, building a truly circular economy for critical battery materials… and this is just the beginning. We plan to continue accelerating and have exciting expansion plans ahead.” 

Founded in 2020, Altilium has quickly grown into one of the leading clean technology companies in the region, with teams working across three locations in Plymouth and Tavistock. As well as generating new high skilled jobs, the company is actively engaging with schools across Plymouth, offering work experience to students, and collaborating with colleges and universities, including the University of Plymouth and City College Plymouth, to foster STEM opportunities for early stage careers. By creating pathways for students interested in internships, ‘year in placement’ and careers in the emerging field of battery recycling, Altilium is committed to closing the skills gap in the industry and creating opportunities for local talent. 

About Altilium 

Altilium is a UK-based clean tech group that will reshape the UK and European automotive supply chain by offering high volume, low carbon domestic sources of cathode and anode materials from recycling waste streams already in circulation, such as end-of-life batteries. 

The company’s proprietary EcoCathode™ process converts end-of-life EV batteries and manufacturing scrap into domestic, sustainable, battery precursors, cathode active materials (CAM) and cathode precursor (pCAM) for direct reuse in new batteries. 

Altilium’s first mini-commercial plant recently commenced operations in Plymouth while its planned Teesside plant will be one of the largest EV battery recycling facilities in Europe. The plant will have the capacity to process scrap from over 150,000 EVs per year, producing 30,000 MT of CAM, enough to meet around 20% of the UK’s expected needs by 2030.   

The company is backed by SQM Lithium Ventures, the corporate venture arm of the lithium business of Sociedad Quimica y Minera de Chile (SQM), and Japanese trading and investment group Marubeni Corporation. 

For more information go to www.altilium.tech 

For media inquiries contact:  Dominic Schreiber 

Email: dominic@altilium.tech