Cyclic Materials, the advanced recycling company building a circular supply chain for rare earth elements (REEs) and other critical materials, welcomes Amazon’s Climate Pledge Fund as an investor to its Series B round, which was initially announced in September.

This investment will further support the expansion of Cyclic Materials’ innovative recycling technologies, strengthening the circular supply chain for critical materials used in data centers and other industries.

“We’re thrilled to welcome Amazon Climate Pledge Fund as an investor, which underscores the growing importance of our technology to the world’s largest industry leaders” said Ahmad Ghahreman, CEO and co-founder, Cyclic Materials. “We are grateful for Amazon’s support, which reflects the competitiveness of our proprietary technology and how far we’ve come on the road to creating a circular economy for REEs. This investment will ultimately enable our expansion into the U.S. and European markets, where we will build new rare earth recycling infrastructure and help to minimize the carbon footprint of data center operations.”

"Our investment reflects Amazon’s commitment to increase circularity and resource efficiency across our value chain," said Nick Ellis, Principal at the Amazon Climate Pledge Fund. “Cyclic's process enables higher recovery rates of rare earth elements from products like hard drives,converting them into secondary raw materials to manufacture new products. We’re excited to support Cyclic as they scale their business to meet growing global demand from data center customers and others.”