MagREEsource

Country
France
First investment date
Status
Active
Finindus lead
Investment domains
Co-investors
SATT Linksium
EIT Raw Materials
Tangent Line
Qemetica Ventures
Badge
Innovacom
BNP Paribas
L-Accoustics
Pochet
Diverse regional funds and angel investors
MagREEsource
Gallery

MagREEsource is a permanent magnet recycling technology company, spinoff of CNRS is Grenoble. The company is upscaling technology that will allow rare earth based magnets (both NdFeB and SmCo) to be recycled in a short loop process, having a lower environmental footprint compared to existing recycling processes. MagREEsource is based in Grenoble (France).

MagREEsource is a frontrunner in the recycling of rare earth magnets, an essential component for the electrification of our society. The company's technology and vision fit perfectly into the framework defined by the European Green Deal. They provide a clear response to the call-to-action launched by ERMA - the European Critical Materials Alliance - to ensure Europe's access to the critical raw materials needed to achieve carbon neutrality.

What do our companies say ?

  • Der Aufbau eines Spin-Off Unternehmens und das Upscaling aufgebauter Technologien ist nicht völlig risikofrei. Hier hat sich Finindus nicht nur als Investor sonder auch als verlässlicher Partner herausgestellt, mit dem auch mal Engpässe überwunden werden können. Kann das eingeschlagene Konzept bestätigt werden, so ist die langfristige Investionsausrichtung van Finindus eine verlässige Wachtstumsgrundlage.

    Dr. Dirk Bohmann, founder of Borit GmbH

  • When Expanite was looking for new investors in 2014, a clear objective was to find international partners who could bring more to the company than simply financial support. After having Finindus on board for two years, we can confirm that we found exactly what we were looking for. The combination of skills, international outlook and experience - as well as insight into our industry - brings true value to our company.

    Thomas Abel Sandholdt, CEO of Expanite, DK

  • From the start, we were impressed by Finindus's knowledge of the industry and the opportunity for collaboration. Within a few months of closing the investment, we are already pursuing several potential projects together with ArcelorMittal and OCAS. The Finindus team has been great to work with, and the deep knowledge of and connections within the steel industry have been extremely valuable in accelerating our company's development. 

    Eric Smith, CEO Keystone Tower Systems

  • Finindus has been an ideal shareholder for us, investing with a long-term horizon and showing commitment in everything they do. Over the past 10 years, and by participating actively in our board, the hav contributed with very valuable strategic as well as more industry-specific knowledge and have shown a tremendous engagement in he development of the company. 

    Per Wassen, President ad CEO of PowerCell Sweden AB