Linca is a spin-out from Mint Innovation that has developed a process for refining critical minerals—lithium, nickel and cobalt—recovered from end-of-life electric vehicle batteries. The company is leading a consortium with Jaguar Land Rover, LiBatt Recycling and WMG at the University of Warwick to demonstrate domestic refining capabilities in the UK. Linca has secured an £8.1 million APC26 UK grant alongside equity funding to support its formation and has completed a NZ$5 million first close of a seed round (expected to reach NZ$7 million) led by Motion Capital with participation from Icehouse Ventures, K1W1, Booster, Aspire and Enterprise Angels. The seed proceeds will be used to scale up the technology and construct a UK demonstration facility to prove the concept of domestic critical mineral refining. The spin-out officially launched after under three years of development within Mint Innovation.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2026