ELT Recovery Secures £37.5k Pre-Seed Funding at £15m Valuation

ELT Recovery Ltd, a London-based company focused on transforming end-of-life tires into valuable resources, has secured £37.5k in pre-seed funding. The round values the company at an estimated £15m post-money.

Founded in March 2017, ELT Recovery addresses the growing problem of tire waste by employing pyrolysis, a process that breaks down tires into constituent materials such as tyre pyrolysis oil, recovered carbon black, syngas, and steel. The company aims to contribute to a circular economy by reusing tire waste and promoting a more sustainable future. According to their LinkedIn profile, ELT Recovery is committed to environmental stewardship and facilitating the UK's transition to Net Zero carbon emissions by 2050.

The pre-seed round, filed on March 5, 2026, with an allotment date of February 12, 2026, represents the company's first publicly disclosed funding. The company currently employs four people, according to its LinkedIn profile.

While specific details about the investors participating in this pre-seed round have not been disclosed, the funding will likely be used to further develop ELT Recovery's pyrolysis technology and expand its operations.

The market for tire recycling and resource recovery is gaining increasing attention in the UK, driven by environmental concerns and the need for sustainable waste management solutions. While comprehensive data on pre-seed funding specifically within the tire recycling sector is limited, the broader CleanTech industry has seen significant investment in recent years. This funding reflects a growing investor appetite for companies developing innovative solutions to address environmental challenges and promote a circular economy.