DEScycle announced that it has secured more than €10 million in grant funding over the past 10 months, including its latest award from the prestigious European Innovation Council (EIC) Accelerator program.
The funding represents a significant source of non-dilutive capital for the company and provides external validation of its technology and strategic vision. The grants come from major UK and European funding programs, placing DEScycle among a select group of industrial deep-tech companies that have received substantial public support across multiple jurisdictions.
According to the company, the funding reflects growing institutional confidence in the need for next-generation metals processing infrastructure. DEScycle is focused on developing distributed and modular processing systems designed to convert domestic waste streams into resilient sources of critical metals.
The announcement comes as Europe continues to prioritize industrial deployment and supply chain resilience, with increasing attention being placed on building domestic processing capacity for critical materials. DEScycle believes that the transition from innovation-focused initiatives to large-scale industrial implementation is creating opportunities for technologies that strengthen regional metal supply chains.
The company thanked its partners and funding institutions for their support and emphasized that its focus is now on executing its growth plans and delivering commercial-scale processing capacity.
