Princeton NuEnergy (PNE) Raises Additional $10.3 Million in Series A Funding to Advance Lithium-ion Battery Direct Recycling Technology
Summary
This recent injection of capital brings the companys total Series A funding over the past 6 months to $26.4 million.PNEs flagship innovation is a low-temperature plasma-assisted separation process (LPAS), a patented technology that significantly reduces costs, environmental waste, and carbon emissions commonly associated with lithium-ion battery recycling. "PNEs Cathode-to-Cathode technology is reshaping the landscape of critical material reclamation, driving down costs while making a significant impact on the sustainability of battery recycling. The new Series A funding further solidifies PNEs commitment to reducing the nations dependence on foreign critical materials by securing the U.S. critical material supply chain, fostering domestic manufacturing capabilities, and cultivating high-quality clean energy jobs within the United States.About LKQ Corporation: LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.About Tech Council Ventures LLCFounded in 2000, Tech Council Ventures has been focused on investing in exciting innovators across multiple industries in the region for over 20 years. Through joint ventures and separate business units, SCGC develops innovative solutions for industrial and everyday applications.