Posh
Power Your Life with Sustainable Energy.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $3.8m | Seed | |
| Total Funding | 000k | ||
Posh, also known as Posh Robotics Inc., is a technology company focused on creating a circular economy for electric vehicle (EV) batteries. Founded in 2021 by CEO Wesley Zheng and CTO Chung Hoang, the company is headquartered in Hayward, California. The venture originated after Zheng, who pursued his Ph.D. on lithium batteries at Stanford University, identified a significant bottleneck in the EV industry: the manual, hazardous, and inefficient process of disassembling retired battery packs. Posh emerged from the Y Combinator accelerator program and secured $3.8 million in a seed funding round in June 2022 to advance its development and expansion.
The core of Posh's business is the automation of EV battery recycling. The company develops flexible automation systems that use a combination of robotic arms and computer vision to safely and rapidly dismantle a wide variety of EV battery packs. This approach addresses the significant fire and high-voltage risks associated with manual disassembly. By automating this crucial step, Posh aims to make the process scalable, which is essential given that millions of tons of EV batteries are expected to be retired by 2030, with most still retaining up to 80% of their usable capacity.
Posh operates on two main fronts: providing its robotic disassembly technology and manufacturing energy storage solutions from repurposed batteries. Its primary clients are in the commercial and industrial (C&I) sectors. The company manufactures and supplies Battery Energy Storage Systems (BESS), including both new and second-life units created from refurbished EV batteries. These all-in-one, outdoor-rated BESS cabinets are designed for applications such as grid-tied, off-grid, and hybrid projects, helping businesses reduce energy costs, manage demand, and provide power backup. The company's proprietary Battery Management System and Energy Management Systems software are key components of its product offerings.
Keywords: EV battery recycling, robotics automation, energy storage solutions, second-life batteries, circular economy, battery disassembly, computer vision robotics, Battery Energy Storage Systems, BESS, commercial energy storage, industrial energy storage, sustainable energy, Y Combinator, Wesley Zheng, Chung Hoang, lithium-ion battery repurposing, grid services, cleantech, energy management systems, robotic battery dismantling