NEU Battery Materials
Provides a cleaner and more sustainable recycling solution for lithium-ion batteries.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | N/A | SGD3.1m | Seed |
| Total Funding | 000k | ||
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NEU Battery Materials is pioneering the future of clean energy with its groundbreaking Redox Targeting Technology for battery recycling. This innovative approach significantly reduces pollution, making their lithium production 100 times cleaner than traditional methods. The company operates in the electric vehicle (EV) market, which is crucial for reducing global greenhouse gas emissions. NEU Battery Materials aims to become the largest supplier of raw materials for EV batteries without owning any mines, thereby minimizing environmental impact. Their business model focuses on providing sustainable and clean lithium to EV manufacturers and other industries reliant on battery technology. Revenue is generated through the sale of these recycled materials. The company has gained recognition, including being a Grand Finalist in The Liveability Challenge 2021 and receiving a $50,000 award from Silverstrand Capital.
Keywords: Redox Targeting Technology, battery recycling, clean lithium, EV market, sustainable materials, pollution reduction, raw materials supplier, electric vehicles, environmental impact, innovative technology.