Princeton NuEnergy (Series A)
Funding Details
- Awarder
- Inbox
- Date Award
- May 13, 2024
- Vertical
- Energy and Natural Resources
- Funding URL
- View Funding Page
- Funding Amount:
- $10,300,000
Company Info
- Organizations Involved
- SCG Chemicals Public Company Limited, Tech Council Ventures LLC, LKQ Corporation
- Founders
- Dr. Chao Yan
- Company Description
- Princeton NuEnergy (PNE) is a leading clean-tech innovator specializing in lithium-ion battery direct recycling. Their flagship innovation is a low-temperature plasma-assisted separation process (LPAS™), a patented technology that significantly reduces costs, environmental waste, and carbon emissions commonly associated with lithium-ion battery recycling. PNE's direct recycling approach enables higher critical material recovery rates and superior material performance compared with traditional recycling methodologies.
- Market
- Alternative Energies
- Location
- Bordentown, NJ, US
- Coinvestors
- SCGC (a subsidiary of SCG Group), Tech Council Ventures, LKQ Corporation