Objective
RarEarth is a deep-tech company that has developed a fully integrated circular technology for the production of high-performance NdFeB permanent magnets in Europe. Its proprietary process recovers magnets from waste electrical and electronic equipment and converts them into finished magnets, uniquely integrating automated dismantling, advanced purification, alloy re-engineering, and industrial-grade magnet manufacturing.
RarEarth has reached TRL 6 across all key process steps. Independent validations by the Politecnico di Torino and the Fraunhofer Institute confirm that recycled magnets achieve magnetic performance fully comparable to magnets made from virgin materials.
Patents cover key steps including mechanochemical resin removal, metallic and oxide layer removal, and automated motor dismantling, with additional filings planned for grain boundary engineering and alloy optimisation.
The innovation delivers clear advantages over existing solutions. Compared with indirect hydrometallurgical recycling, RarEarth reduces production costs by 60-80% and energy consumption by 70-80%, while achieving near-zero material losses and recycling over 90% of reagents. At a planned output of 590 t/year by 2030, the process is projected to avoid approximately 42,000 tCO2e annually compared to virgin production, while increasing WEEE valorisation by 350% by converting low-value iron scrap into high-value magnetic materials.
European demand for NdFeB magnets is expected to triple by 2030, while the market remains almost entirely dependent on imports from China and less than 1% of magnets are currently recycled. RarEarth addresses this structural gap, targeting 1.7% of the EU NdFeB market by 2030.
With EIC Accelerator blended finance, RarEarth will strengthen Europe’s technological leadership and strategic autonomy in critical raw materials by delivering a resilient, circular supply of high-performance NdFeB magnets for electric vehicles, wind turbines, and industrial applications.
Fields of science (EuroSciVoc)
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.1 - The European Innovation Council (EIC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-EIC-ACC - HORIZON EIC Accelerator
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIC-2026-ACCELERATOR-02
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
20144 MILANO
Italy
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.