Sircel secures $5m impact investment from Kilara Capital
Funding to boost national expansion and Australia’s most advanced solar panel recycling facility Australia’s largest e-waste processor,Sircel, has secured a $5 million capital injection from impact investor Kilara Capital to drive its national expansion and processing capabilities on its mission to solve the global e-waste crisis. Attracted to the Australian owned green technology company’s proven circular economy business model, The Kilara Growth Fund undertook a rigorous impact assessment and rated Sircel highly across its key benchmarks for environmental sustainability and commercial impact. Founder and Managing Partner of Kilara Capital, Ben Krasnostein said that Kilara’s investment in Sircel was a unique opportunity to achieve multiple climate positive outcomes through a proven circular economy business that was operational and scalable. “Sircel really ticks a lot of the boxes that the Kilara Growth Fund looks for: it’s a company with a proven business model, an ever-growing customer base and it has the potential to achieve significant climate positive and commercial outcomes,” Krasnostein said. “Sircel’s impressive leadership team have remained focussed on solving the rapidly growing e-waste problem in its entirety, rather than taking shortcuts, which has led to a truly innovative business with the potential to change the way we think about electronic waste. “After so many years of R&D it’s an exciting and critical time for the business as it scales nationally, diverting more e-waste from landfill and recovering more materials than was previously thought possible.” “We’re particularly buoyed by the opportunities to salvage precious metals from e-waste to power the future of renewable energy, reducing reliance onmining operations.” Sircel has also announced Kilara Capital’s Portfolio Manager, Irina McCreadie, joins the Board of Directors, further strengthening our governance and strategic leadership. The investment follows Sircel’s May 2024 acquisition of Scipher Technologies, which elevated the company to become the largest e-waste processor in Australia and the […]