Novocycle Technologies, established in November 2021 by Taha Uluhan, Fatih Bosna, and Yusuf Perçin, specializes in lithium-ion battery recycling solutions. Based in Sunnyvale, California, with additional operations in Türkiye’s Technology Development Zone Bilisim Vadisi, the company focuses on creating efficient and sustainable methods for battery material recovery and reuse.
The company’s innovative recycling process achieves an impressive mass-in versus mass-out efficiency exceeding 96%, significantly reducing material waste. Novocycle’s approach encompasses recycling operations, second-life applications, cathode material reproduction, and the development of recycling-optimized battery packs, supporting a circular economy in the battery industry.
Battery Technology
Novocycle’s proprietary NovoRec process stands out for its ability to recover high-quality anode and graphite materials from used lithium-ion batteries. The technology delivers exceptional results, achieving over 99% purity in recovered materials while maintaining their microstructural integrity. Testing has shown that the recovered graphite maintains more than 99% performance efficiency in half-cell tests and demonstrates sustained capacity through 100 charge-discharge cycles.
The company’s technology portfolio includes specialized processes for cathode material reproduction, ensuring that recycled materials meet strict quality standards for new battery production. Their recycling-optimized battery pack designs consider end-of-life processing from the initial development stage, improving recycling efficiency and reducing waste.
Novocycle’s profit-sharing models for end-of-life batteries create incentives for stakeholders throughout the value chain, promoting sustainable practices and material recovery. This approach aligns with upcoming EU directives for lithium-ion battery recycling, positioning the company to meet future regulatory requirements.
Recent Projects
In January 2024, Novocycle presented its battery recycling solutions at the Davos panel, demonstrating their advanced material recovery capabilities. The company also shared its achievements at the 4th National Carbon Conference in Türkiye, where they presented detailed results of their NovoRec process and its successful application in material recovery and reuse.
Investors
Novocycle Technologies secured $1.1 million in seed funding in April 2024. The investment round was led by Diniz Holding, a prominent automotive group in Turkey, and SABIC Ventures, which supports SABIC’s initiatives in carbon neutrality and circular economy. APY Ventures, established by Albaraka Portfoy Yonetim A.S., also participated in the funding round, reinforcing their commitment to supporting globally impactful startups.
Business Details
Location: Sunnyvale, California, USA
Website: https://novocycle.com
LinkedIn: https://www.linkedin.com/company/76621156
