US metal recycling technology company Sortera Technologies has raised a further US$30.5 million to expand its operations in North America.
RA Capital Management-Planetary Health and Mitsubishi Corporation’s Business Incubation Unit, Mineral Resources Group, were among the new investors, who also included “funds and accounts” advised by T Rowe Price Associates. Existing investors include Assembly Ventures, Breakthrough Energy Ventures and Chrysalix.
Sortera, which says it has developed a recycling platform powered by artificial intelligence, data analytics and advanced sensors, has a recycling facility in Markle, Indiana, said to be capable of sorting up to about 100,000 tonnes of mixed metals per year.
“In just two and a half years of operations, Sortera has demonstrated that its technology platform can accurately and rapidly handle complex sorting of pre-production aluminium and end-of-life mixed metals,” Sortera says.
“By sorting mixed metals into single alloy streams, Sortera enables greater use of recycled material in manufacturing, lowers the costs of metals production, increases the availability of metals for domestic manufacturers, and reduces pollution and greenhouse gas emissions associated with virgin metals production.”
Sortera said it recently established an R&D facility in Austin, Texas, to focus on advancing its sorting platform.
