Shift4Good has invested US$3.7 million in NEU Battery Materials, a Singapore-based lithium-ion battery recycling startup, to enhance its innovative recycling technology and support sustainable energy solutions.
Information on the Target
NEU Battery Materials is a cutting-edge startup based in Singapore that specializes in lithium-ion battery recycling. The company has recently secured an impressive US$3.7 million in an oversubscribed Seed Funding round, designed to bolster its innovative approaches in battery materials recovery.
Utilizing a revolutionary sustainable redox targeting technology, NEU Battery Materials not only focuses on minimizing toxic waste generated from battery disposal but also employs electricity as its only consumable resource during the recycling process. This innovative technique significantly enhances the potential for sustainable practices within the battery recycling industry.
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Industry Overview in Singapore
The lithium-ion battery recycling industry in Singapore is at a critical juncture, especially with the increasing demand for batteries driven by the rise of electric vehicles and renewable energy sol
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Shift4Good
invested in
NEU Battery Materials
in
in a Seed Stage deal
Disclosed details
Transaction Size: $4M