Princeton NuEnergy
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Princeton NuEnergy - overview
Established
2019
Location
Bordentown, NJ, US
Primary Industry
Energy Storage & Batteries
About
Established in 2019 and based in New Jersey, US, Princeton NuEnergy Inc. operates as a clean-tech company that provides recycling of lithium-ion batteries from electric vehicles, consumer electronics, energy storage batteries, and manufacturing scrap. In November 2023, Princeton NuEnergy Inc. raised USD 16 million in Series A funding led by Wistron Corporation, with participation from Honda Motor Co.
, Ltd. , GS Futures, Traxys North America, Greenland Technologies, Shell Ventures, and WorldQuant Ventures. The company has developed a low-temperature plasma-assisted separation process (LPAS™), a patented technology for lithium-ion battery recycling. Princeton NuEnergy offers a wide range of services, including closed-loop lithium-ion battery recycling, service and technology licensing, total solution as a service, and second-life battery use.
In addition, the firm produces cathode and anode materials by recovering and regenerating battery batteries from aged lithium-ion batteries. The company plans to use its proceeds from November 2023 funding for new recycling facility construction and equipment procurement to further increase processing capacity and support company operations.
Current Investors
Traxys, Shell Ventures, Honda Motor Co., Ltd
Primary Industry
Energy Storage & Batteries
Sub Industries
Energy Storage & Batteries, Recycling
Website
www.pnecycle.com
Verticals
Clean Technology, Manufacturing
Company Stage
Series A
Total Amount Raised
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