NEU Battery Materials, founded in 2021 and headquartered in Singapore, is revolutionizing the battery recycling sector with its slogan, Electrifying Battery Recycling. Positioned at the intersection of Energy, Manufacturing, Sustainability, and Waste Solution industries, the company strives to become the largest and cleanest source of recycled lithium globally.
At the core of NEU Battery Materials is a patented electrochemical redox recycling method, uniquely employing electricity and water. This innovation targets the underutilized LFP batteries, presenting a novel opportunity for automotive OEMs, gigafactories, battery manufacturers, and recyclers to extract untapped value.
The company secured a $3.70M Seed Round investment on 03 July 2023. Key investors include SGInnovate, Paragon Capital Management Singapore, Shift4Good, and ComfortDelGro, reflecting strong market confidence and strategic backing.