Last deal

$30M

Amount

Series A

Stage

17.06.2024

Date

3

all rounds

$89.1M

Total amount

date founded

Financing round

General

About Company
Princeton NuEnergy is a clean-tech startup recycling lithium-ion batteries.

Industry

Sector :

Subsector :

Also Known As

PNE

founded date

01.01.2019

Number of employees

Last funding type

Series A

IPO status

Private

Description

Princeton NuEnergy, a U.S.-based clean-tech company, specializes in the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. Founded in 2019 as a spin-off from Princeton University, the company has developed a patented low-cost process for producing high-quality cathode active materials from spent batteries. By recycling batteries from various sources, including electric vehicles and energy storage systems, Princeton NuEnergy produces directly re-usable cathode and anode materials at 99.99% purity. This innovative process reduces production costs by half compared to virgin material production and eliminates waste. With its sustainable energy and environmental solutions, Princeton NuEnergy aims to revolutionize the material supply chain and contribute to a cleaner future.
Contacts

Contact Email

Phone number

Social url

Legal Names

Legal name

Princeton NuEnergy Inc.
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Activity

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7
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month