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BMW invests in rare earth recycling
BMW i Ventures invests in Cyclic Materials, a Canadian company focused on recycling rare earth elements (REE) /Cyclic Materials
BMW Group’s investment arm BMW i Ventures announced an investment in Cyclic Materials, a Canadian company focused on recycling rare earth elements (REE). Regarding e-mobility, Cyclic Materials already cooperates with Polestar to recover magnets for electric motors. The $27 million Series A funding was led by BMW i Ventures (BiV) and Energy Impact Partners (EIP).
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