The transition to a circular economy is one of the most pressing challenges of our time, and batteries sit at the heart of this transformation. As the demand for electric vehicles (EVs) and energy storage solutions surges, so does the necessity for efficient battery lifecycle management. At GET Fund, we believe that companies enabling sustainable resource utilization while offering economic value are poised to thrive. This is why we invested in Circunomics, a pioneering company dedicated to unlocking the full potential of batteries through a scalable, circular battery value chain.
The accelerating adoption of battery-powered solutions comes with a major challenge: lifecycle management. Today, OEMs, module manufacturers, distributors, and retailers are facing increasing pressure to ensure that batteries are responsibly managed from production through end-of-life. Regulatory pressure is growing as governments worldwide introduce stricter environmental regulations that require proper disposal and recycling of batteries. Consumer expectations for sustainability are rising, with individuals and businesses demanding eco-friendly supply chains. At the same time, economic incentives favor the repurposing of batteries for second-life applications, offering financial benefits over traditional recycling.
With EV batteries typically lasting eight to ten years in their first life, a growing number of used batteries are entering the market. Many of these batteries retain significant residual value, making them suitable for applications like stationary energy storage. Additionally, due to market overcapacity, many batteries that were never used in their intended first-life application—referred to as second-chance batteries—are available. However, several obstacles hinder their reuse. There is no standardized process for assessing and certifying the quality of used batteries, which leads to uncertainty in the market. Logistical challenges related to battery collection, testing, refurbishment, and redistribution persist. Furthermore, the transition of batteries from mobility to energy storage applications requires collaboration between industries that traditionally operated separately.
Circunomics addresses these challenges by providing an integrated battery lifecycle management solution that facilitates the reuse, resale, and recycling of EV batteries. Their platform enables battery owners to maximize asset value across multiple applications and industries before batteries reach their end of life. The company has developed a B2B platform that streamlines the trading of second-life and second-chance batteries, ensuring secure and transparent transactions. This platform connects suppliers and buyers in the energy storage and recycling industries while also enabling detailed battery specifications, standardized certification, and a flexible business model that includes both commission-based matchmaking and a reseller model.
Beyond facilitating transactions, Circunomics offers an advanced analytics solution that allows real-time monitoring of battery performance. Their software provides continuous insights into battery health, state of charge, and other key indicators. Through predictive modeling, Circunomics determines the most viable second-life applications for repurposed batteries, optimizing both economic returns and environmental benefits. The analytics platform integrates with existing battery management systems, ensuring data privacy for clients and a seamless user experience.
We are excited to have led the Series A financing round of Circunomics and to be part of their journey. In partnership with our limited partner Schaeffler AG, a leading motion technology company. Furthermore, the existing investors Orlen VC, a Polish oil and energy company, and GG Rise participated in the round.
Our investment in Circunomics aligns with GET Fund’s thesis that technological innovation can drive the convergence of traditionally separate industries. The company bridges mobility, energy, and recycling to create a new value chain that fosters sustainability and economic efficiency.
We’re proud to partner with them as they lead the transition to a truly circular battery economy where the value of batteries is maximized, while simultaneously reducing CO2 emissions, and lessen the demand for new materials to be mined.
