Princeton NuEnergy

Princeton NuEnergy

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DateInvestorsAmountRound
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N/A

-
N/A

$1.5m

Grant
N/A

$900k

Angel

$75.0k

Grant
*

$7.0m

Seed
*

$12.0m

Grant
*

$4.4m

Grant
*

$16.0m

Series A
*

$10.3m

Valuation: $80.0m

Series A
Total Funding€47.4m

Recent News about Princeton NuEnergy

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Princeton NuEnergy (PNE) is a startup that operates in the lithium-ion battery recycling and materials production sector. The company uses its patented LPAS™ technology, a low-temperature plasma-assisted separation process, to provide a cost-efficient and environmentally friendly solution for recycling lithium-ion batteries. This process not only reduces global greenhouse gas emissions but also delivers strong Environmental, Social, and Governance (ESG) values, making it an attractive proposition for companies looking to enhance their sustainability credentials.

PNE's primary clients are companies that have a significant need for lithium-ion batteries, such as manufacturers of electric vehicles and electronic devices. These companies are increasingly concerned about the availability of battery supply and materials, and PNE's recycling solution helps to alleviate these concerns by providing a sustainable source of materials.

The company's business model is based on partnerships with companies like Wistron GreenTech, eTak Worldwide, and Greenland. These collaborations allow PNE to integrate its recycling solution into the supply chains of its partners, thereby ensuring a steady stream of materials for recycling and a consistent source of revenue.

PNE makes money by charging its partners for the recycling services it provides. The company's innovative technology and environmentally friendly approach give it a competitive edge in the market, making it an attractive option for companies looking to recycle their lithium-ion batteries in a sustainable way.

Keywords: Lithium-ion Battery Recycling, Materials Production, LPAS™ Technology, Environmentally Friendly, Greenhouse Gas Reduction, ESG Values, Electric Vehicle Manufacturers, Supply Chain Integration, Sustainable Materials Source, Revenue from Recycling Services.

Tech stack

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