STEP USA alumnus Circunomics, an innovative startup from Mainz, Germany, has taken a decisive step on the road to international success. The company, founded in 2019 by Felix Wagner and Jan Born, has now closed an impressive financing round of 8 million euros.

Well-known partners such as the Munich-based GET Fund, Schaeffler Invest – an offshoot of the Schaeffler company – and existing investors such as Orlen were among those who invested. The startup’s supporters already included the Orlen Group’s corporate venture capital arm, startup builder Next Mobility Labs, recycler TES and Peter Mertens, former CTO of Audi.

Circunomics specializes in a sustainable circular system for batteries of electric vehicles that covers the entire value chain from first and second use to recycling of the raw materials. The new capital will be used specifically to drive internationalization and establish Circunomics as a global company.

This success story is a further example of how the STEP USA program paves the way for companies to enter international markets and supports sustainable innovation.