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.
Attracted to the Australian owned green technology company’s proven circular economy business model, The Kilara Growth Fund undertook an impact assessment and rated Sircel highly across its key benchmarks for environmental sustainability and commercial impact.
Kilara Capital founder and managing partner, Ben Krasnostein said that Kilara’s investment in Sircel was a unique opportunity to achieve multiple climate positive outcomes.
“Sircel 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,” he said.
“Sircel’s leadership team have remained focused 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 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. 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.”
The investment follows Sircel’s acquisition of Scipher Technologies in May 2024, which elevated the company to become the largest e-waste processor in Australia and the only company capable of diverting up to 100% of e-waste from landfill.
Sircel founder and CEO, Anthony Karam said the investment from Kilara Capital was a valuable endorsement of the company’s maturity and the investment would help fast track its new stage one solar panel recycling capabilities.
“We are excited to be delivering this project supported by the NSW EPA as part of its Circular Solar Program. This investment will support the acquisition and installation of Australia’s most advanced solar panel processing facility which will operate within the Parkes Recycling Special Activation Precinct, broadening Sircel’s recycling capabilities within what is becoming one of the largest e-waste streams,” he said.
“We’re thankful to have investment partners like Kilara Capital, joining our other cornerstone investors expanding on those that share our vision, recognise the scale of the e-waste challenge and want to invest in the long-term benefits to business, people and planet we can deliver.”