Princenton NuEnergy Raises $10.3M in Series A Funding for Lithium-Ion Battery Recycling and Manufacturing Center

Princenton NuEnergy's Series A Funding

Key Highlights:

• Series A Funding: Raised an additional $10.3 million in Series A funding, bringing the total to $26.4 million over the past 6 months.
• Focus on Lithium-Ion Battery Recycling: Specializes in direct recycling of lithium-ion batteries, utilizing a low-temperature plasma-assisted separation process (LPAS™) for higher recovery rates and superior material performance.
• Construction of Advanced Manufacturing Center: Funds will support the construction of an Advanced Black Mass and Cathode Manufacturing Center in the southeastern U.S. 'battery belt'.

Princenton NuEnergy's Target Market

• Target Market: Battery manufacturers, electric vehicle companies, and other industries utilizing lithium-ion batteries.
• Companies Focused on Sustainability: Organizations committed to reducing environmental waste and carbon emissions through responsible battery recycling.
• Government and Research Institutions: Collaboration opportunities with government agencies and research institutions focused on battery recycling and clean-tech innovation.

What Princenton NuEnergy Needs to Buy

• Advanced Manufacturing Equipment: Investments in advanced manufacturing equipment for the construction of the Advanced Black Mass and Cathode Manufacturing Center.
• Research and Development Partnerships: Collaborations with research institutions and government agencies for further battery recycling research and development.
• Marketing and Sales Support: Services to support marketing and sales efforts, including brand awareness and customer acquisition.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.