Momentum Technologies
To establish environmentally conscious and sustainable recycling solutions that support the future circular economy.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $20.0m | Early VC | |
| Total Funding | 000k | ||
Momentum Technologies specializes in the recycling of end-of-life devices and battery waste through a patented Membrane Solvent Extraction (MSX) technology. This technology, developed in collaboration with the Oak Ridge Laboratory, allows for the selective removal and recovery of metals from aqueous solutions. The company's modular and small-footprint technology enables the co-location of recycling facilities near the source of the material, significantly reducing the environmental impact of shipping large quantities of electronic waste to centralized recycling centers.
Momentum Technologies serves industries dealing with lithium-ion batteries, such as electric vehicle manufacturers and energy storage companies. The company operates in the environmental protection and materials science markets. Its business model revolves around providing recycling solutions that are both efficient and environmentally friendly, generating revenue through service contracts and technology licensing.
Keywords: lithium-ion battery recycling, Membrane Solvent Extraction, environmental protection, modular technology, co-location, materials science, electric vehicles, energy storage, waste reduction, Oak Ridge Laboratory.