Italian Rare Earth Recycling Startup RarEarth Secures €2.5M EIC Grant to Build First Production Plant
RarEarth, an Italian startup specializing in recycling rare earths from electronic waste, secured a 2.5 million euro grant from the European Innovation Council (EIC) and potential equity investment of up to 6 million euros. The funding will support the construction of its first production facility and advance its patented technology for producing high-performance magnets in Europe. The company, founded in 2023, aims to reduce reliance on imported rare earths and promote sustainable manufacturing.