NEU Battery Materials is a Singapore-based company established in 2021, specializing in electrochemical recycling of lithium-ion batteries. The company develops sustainable solutions for battery recycling with an emphasis on near-zero waste and minimal emissions. Their focus lies particularly on lithium iron phosphate (LFP) batteries, addressing the growing need for efficient end-of-life solutions in the electric vehicle and energy storage sectors. Through their innovative approach, NEU Battery Materials aims to transform the battery recycling industry by enabling manufacturers to reclaim critical metals efficiently while meeting strict environmental standards.
Battery Technology
NEU Battery Materials utilizes a patented electrochemical redox-targeting technology that sets new standards in battery recycling. Their process operates at room temperature and standard atmospheric pressure, requiring only electricity as the primary input. This method specifically excels at extracting battery-grade lithium from spent batteries, particularly from LFP batteries, which are becoming increasingly prevalent in electric vehicles and energy storage systems.
The technology employs regenerative chemicals that eliminate the need for harsh acids and prevent toxic waste generation. This approach achieves high recovery rates for valuable materials while maintaining minimal environmental impact. The process has been validated at their Singapore facility and through partnerships within the battery value chain, demonstrating its effectiveness and scalability.
NEU’s recycling system creates a closed loop for battery materials, where recovered components can be directly reintegrated into new battery production. This capability is particularly significant given projections indicating a potential 55% shortage of lithium by 2030, with the electric vehicle market expected to reach 350 million vehicles by that same year.
Recent Projects
In recent developments, NEU Battery Materials has formed a strategic partnership with GRST to advance the commercialization of LFP battery recycling. This collaboration focuses on developing PFAS-free products and promoting sustainable energy storage solutions. The company has also expanded its operations through their Singapore facility, validating their technology for large-scale implementation.
Investors
NEU Battery Materials has secured significant financial backing through a $3.7 million seed funding round led by SGInnovate, a Singapore government-backed Deep Tech investor. Additional investors include ComfortDelGro Ventures, Shift4Good, and Paragon Ventures I. The company also received earlier funding of S$800,000 from Momentum Venture Capital and Se-cure Waste Management, along with support from SQM Lithium Ventures Corporate Acceleration Program and various angel investors.
Business Details
Location: Singapore
Address 1: 21 Bukit Batok Crescent, WCEGA Tower #10-75, Singapore 658065
Address 2: 8 Neythal Rd, Singapore 628575
Website: https://neumaterials.com
LinkedIn: https://www.linkedin.com/company/neu-battery-materials/
