en.Wedoany.com Reported - DEScycle, a precious metal processing and recycling infrastructure developer headquartered in London, UK, has accumulated over €10 million (approximately $11.4 million) in non-dilutive funding over the past 10 months to support the commercial deployment of its metal recycling technology. The funding comes from multiple innovation programs in Europe and the UK, including €5 million (approximately $5.7 million) from the EU Horizon program, €1.5 million (approximately $1.7 million) from the German Federal Agency for Disruptive Innovation (SPRIND), €2.5 million (approximately $2.9 million) from the European Innovation Council Accelerator (EIC Accelerator), £900,000 (approximately $1.2 million) from the Innovate U.K. Investor Partnerships, and £500,000 (approximately $600,000) from the UKRI Future Leaders Fellowship.
The funds will be used to support the long-term operation of DEScycle's demonstration plant in Teesside, England, which recently began construction and is scheduled to commence production in the second half of 2026. The funding will also be used to generate more operational data to optimize design decisions, expand customer trials, and integrate complementary technologies into the company's platform. Additionally, the funds will support the development of a digital product passport, which DEScycle says will provide traceability for recycled metals, helping customers understand the origin of materials throughout the supply chain. Currently, DEScycle's technology is being tested by Cisco.
Fred White, co-founder and Chief Commercial Officer of DEScycle, stated that this funding reduces deployment risk by extending the demonstration plant's operating time and generating more data, enabling the company to make better design decisions before achieving commercial scale. He also noted that the funding allows the company to experiment with and integrate complementary technologies, bringing a more robust product to market.
In terms of industry context, the UK and Europe are accelerating efforts to strengthen critical raw material capabilities, aiming to build more resilient supply chains for advanced manufacturing, electrification, artificial intelligence (AI) infrastructure, and digital systems. DEScycle points out that despite growing demand from governments and industrial customers for secure, traceable, and geographically diversified supply sources, existing metal processing infrastructure is highly centralized, capital-intensive, and slow to scale. To address this challenge, DEScycle is developing a distributed, modular metal processing platform designed to recover critical and precious metals closer to where materials are generated. The company says that starting with electronic waste, its goal is to transform above-ground metal resources into resilient domestic supply, reducing reliance on long and geographically concentrated supply chains while supporting UK industrial capabilities.
White stated that critical raw materials have become a strategic priority for the UK and Europe, creating growing demand for new metal processing infrastructure. Securing over €10 million in confirmed non-dilutive funding from competitive European and UK projects is a strong signal of the importance of domestic metal recycling.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
