Princeton NuEnergy

Princeton NuEnergy is a U.S.-based clean-tech startup, founded in 2019 as a spinout from Princeton University. It focuses on providing a cost-effective and eco-friendly solution for lithium-ion battery recycling. The company has attracted significant attention, culminating in a $30.00M Series A investment on 17 June 2024. This investment round saw the participation of Samsung Venture Investment, Wistron Corporation, Helium-3 Ventures, LKQ Corporation, SCG Chemicals, Traxys S.A., and Honda Motor. Princeton NuEnergy's patented low-cost process for producing high-quality cathode active materials from spent lithium-ion batteries has the potential to revolutionize the material supply chain. The company's primary product, directly re-usable Cathode and Anode materials at 99.99% purity, is produced at half the cost of virgin material production, with zero waste - a compelling value proposition. By recycling lithium-ion batteries from electric vehicles, consumer electronics, energy storage batteries, and manufacturing scrap, Princeton NuEnergy is addressing the growing need for sustainable battery solutions. The company's streamlined approach to battery recycling aligns with the increasing global focus on environmental sustainability and resource efficiency, positioning it as a promising player in the clean-tech industry.