Estonian deeptech Jälle Technologies raises €2M in pre-seed funding to advance sustainable battery recycling

Jälle Technologies, an Estonian deeptech startup, has raised €2 million in pre-seed funding to advance it mission of transforming end-of-life lithium-ion batteries into critical raw materials. The round was backed by grant support from Enterprise Estonia (EIS) and the Environmental Investment Centre (KIK) with participations from Kiilto Ventures, 2C Ventures, and experienced angel investors.

About Jälle Technologies

• Jälle Technologies is a Tallinn-based deeptech company specializing in sustainable battery recycling and urban mining. Jälle’s proprietary recycling processes efficiently recover metals and upcycle graphite waste into high-value graphene-like materials. 

• With the global demand for lithium-ion batteries surging due to electric vehicles (EVs) and energy storage solutions, its mission is to close the loop on critical raw materials, and develop superior materials, creating a circular upvalued battery economy.

“Recovering critical materials at scale is a real challenge. Our focus is on making sure what we build isn’t just great science, but something the industry can rely on. Producing graphene-like materials could improve everything from composites to construction, making materials stronger, lighter, more conductive, and more efficient,” says Kerli Liivand, CTO of Jälle Technologies.

Investment details

The pre-seed round combines competitive grant support from Enterprise Estonia and the Environmental Investment Centre with early-stage equity investments from Kiilto Ventures, 2C Ventures, and experienced angel investors Andrus Purde and Priit Viru.

• Enterprise Estonia (EIS), an organization with a purpose to promote business development throughout the country by contributing to innovation, internationalization and profiling.

• The Environmental Investments Centre (KIK) is a financial institution, mediating state budget funds (revenues from environmental charges), EU funds, funds from foreign aid programmes and the Green Investment Scheme, and granting loans for the implementation of environmental projects.

• Kiilto Ventures is the venture capital arm of Kiilto, a Finnish family-owned company. It focuses on investing in early-stage startups that aim to make the built environment more sustainable and livable.

• 2C Ventures is a cleantech venture capital fund established in 2023 with a mission to help the world tackle climate change. 2C Ventures supports innovative cleantech companies in the Nordics and Baltics, helping to accelerate new business models and technological innovation.

This investment will help Jälle Technologies expand production, validate our proprietary technology at scale, and grow our team here in Estonia.