Frost & Sullivan Award goes to Circunomics

Frankfurt, 12.09.2023
German Version 🇩🇪

Frost & Sullivan honors Circunomics with prestigious 2023 Market Leadership Award in Battery Trade.

Mainz, Germany- The globally renowned consulting firm, Frost & Sullivan, annually presents its Best Practice Awards in various regional and international markets. Criteria considered for outstanding achievements are technological innovation, strategic product development, product quality, growth strategy, price/performance, brand strength, and customer experience. This year, Circunomics caught the eye of Frost & Sullivan's industry analysts in the detailed analysis and evaluation process. Thanks to its outstanding performance across all evaluation aspects, the Mainz-based start-up was able to secure this coveted award. This achievement brings the company one step closer to its goal of becoming the world's leading marketplace for the trade of second-life batteries.

Circular Analytics tool plus B2B trading platform - a compelling offering

Industry analysts were particularly impressed by the combination of circular analytics with an innovative B2B marketplace. This powerful combination is capable of monitoring and predicting a battery's state of health, guiding OEMs toward best second-life applications, and eventually providing options for end-of-life recycling-- the key to creating a circular battery economy with the recovery of raw materials such as lithium, nickel and cobalt for future use. The aim of Circunomics is to create a complete closed-loop ecosystem for batteries. From first life in the e-mobility sector to end-of-life recycling, Circunomics has created a means for making the mobility sector more sustainable.

Sandhya Jesu, industry analyst for mobility at Frost & Sullivan states that, "Circunomics Circular Analytics scalable and customizable dashboard allows for maintenance and planning of end-of-life decisions, decreasing battery storage costs while potentially increasing profits for OEMs from second-life battery sales." Circunomics thus creates the appropriate incentives for OEMs to give batteries a second-life before they finally go into recycling.

At a time of global change, with a significant focus on reducing emissions, we also see a significant shift toward e-vehicles. Circunomics is ideally positioned for rapid growth, according to Frost & Sullivan. The company is supporting the industry-wide shift toward a circular economy in the area of lithium-ion batteries from e-vehicles. This path leads the industry away from pure recycling and towards the reuse of valuable resources. Circunomics is making an outstanding contribution to this development and was therefore deservedly recognized for being best in class in the European circular marketplace for battery trade.

About Circunomics:
• Circunomics, GmbH was founded in 2019 and is already one of the leading companies in the field of battery circularity. The company is based in Mainz.
• Founders, Felix Wagner and Jan Born, have set themselves the goal of establishing a circular battery economy by inspiring a movement of taking batteries from first life in electric vehicles, to second-life applications, and finally to the recycling of any remaining raw materials.
•The Circunomics team has developed an innovative, digital marketplace where battery-packs in the form of digital "circular twins” can be registered, tracked, and traded.
•The company has been supported thus far by seed investors and business angels. Startup builder Next Mobility Labs, recycler TES, Orlen VC, as well as Dr. Peter Mertens, former Chief Technology Officer of Audi are some of the key players.
•Most recently, Circunomics was awarded the 2023 Market Leadership Award by US-based company, Frost & Sullivan. The award identified Circunomics as best in class in the European circular marketplace for battery trading industry.

About Frost & Sullivan:
• For six decades, Frost & Sullivan has been known worldwide for its role in helping investors, business leaders, and governments navigate economic change.
• The company is known for identifying innovative technologies, mega-trends, and new business models to which they offer growth opportunities which, in turn, drive future success.

Read full Report from frost & sullivan

Inga Swope | PR, Marketing, & Communications Manager | inga.swope@circunomics.com | Tel. +49 6131 6362466

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