Giving EV Batteries a Second Life: Autocraft Secures Big Funding

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An Autocraft factory's aerial view (Credits: Autocraft)

Good news for electric vehicles (EVs) and the environment! A UK company called Autocraft just got a big boost of £24 million to help them fix and reuse electric car batteries.

The auto industry is having a bit of a problem with electric car batteries failing sooner than expected. This can be expensive and bad for the environment because these batteries often get thrown away instead of being fixed. This is where Autocraft comes in.

They’ve developed a special process to repair and remanufacture electric car batteries. Basically, they find the parts of the battery that aren’t working well and replace them with healthy parts from other batteries. They can even predict problems before they happen, so they can fix the battery before it fails completely.

An Autocraft engineer’s day (Credits: Autocraft)

Autocraft already has a battery repair facility up and running in the Netherlands, and they’re planning to open more in places like Scandinavia, Southern Europe, and even North America! Each of these facilities will be able to breathe new life into 1400 electric car batteries every year.

“We can’t just throw away these batteries if we want to protect the environment,” said Mike Hague-Morgan, a big boss at Autocraft. “Our technology lets us fix the batteries and make them work like new again, which is much better for the planet.”

So this is a win-win for electric cars and the environment. By giving old batteries a second chance, Autocraft is helping to reduce waste and make electric vehicles a more sustainable transportation option.

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