Top 6 Battery Recycling startups in Canada
Apr 28, 2026
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1
Funding: $161.2M
Cyclic Materials specializes in recycling magnet manufacturing waste and other end-of-life components (electric vehicle motors, hybrid transmissions, wind turbine generators, hard drives, MRI machines) to extract rare earth elements. It utilizes physical and hydrometallurgical processing for extracting metals. Its patented MagCycleSM and REEPureSM technologies enable the recovery of critical minerals with minimal environmental impact. The resulting products include high-quality recycled mixed rare earth oxide (rMREO), aluminum, copper, nickel, cobalt, mixed hydroxide precipitate (MHP) and pure iron-containing materials. The company operates a rare earth element recycling facility in South Carolina that can produce 600 tonnes of rare metals per year.
Cyclic Materials specializes in recycling magnet manufacturing waste and other end-of-life components (electric vehicle motors, hybrid transmissions, wind turbine generators, hard drives, MRI machines) to extract rare earth elements. It utilizes physical and hydrometallurgical processing for extracting metals. Its patented MagCycleSM and REEPureSM technologies enable the recovery of critical minerals with minimal environmental impact. The resulting products include high-quality recycled mixed rare earth oxide (rMREO), aluminum, copper, nickel, cobalt, mixed hydroxide precipitate (MHP) and pure iron-containing materials. The company operates a rare earth element recycling facility in South Carolina that can produce 600 tonnes of rare metals per year.
2
Funding: $159.5M
Electra is an ESG-focused battery materials company advancing the only fully integrated.
Electra is an ESG-focused battery materials company advancing the only fully integrated.
3
Funding: $125.3M
Lithion Recycling is a Company that allows environmentally responsible and economically viable management of lithium-ion batteries.
Lithion Recycling is a Company that allows environmentally responsible and economically viable management of lithium-ion batteries.
4
Funding: $61.5M
Moment Energy develops clean, affordable, and reliable energy storage by repurposing retired electric vehicle batteries.
Moment Energy develops clean, affordable, and reliable energy storage by repurposing retired electric vehicle batteries.
5
American Manganese has patented a process which recovers lithium, cobalt, nickel, manganese and aluminum from cathodes used in lithium-ion batteries.
6
Funding: $3M
EVSX develops closed-looped solutions to extract all of the value of used domestic, commercial and electric vehicles (EV) batteries. We have developed processes that allow us to target niche battery chemistries in a profitable way.
EVSX develops closed-looped solutions to extract all of the value of used domestic, commercial and electric vehicles (EV) batteries. We have developed processes that allow us to target niche battery chemistries in a profitable way.
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