# NEU Battery Materials Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neu-battery-materials-pte

- Industry: Environmental Services
- Headquarters: Singapore
- Website: www.neumaterials.com
- Total disclosed funding: $3.7M
- Latest round: Seed (Jun 26, 2023)
- Investors on record: 6

## About

Founded in 2021 and based in Singapore, NEU Battery Materials Pte. Ltd. is a manufacturing company engaged in the production of battery raw materials for clean and sustainable lithium. They also offer battery recycling solutions specifically designed for electric vehicles. The company was co-founded by Bryan Oh (CEO), Kenneth Palmer (CTO), and Wang Qing. In June 2023, NEU Battery Materials Pte. Ltd. raised USD 3.73 million in seed funding led by investor SGInnovate, with participation from other investors Paragon Ventures, ComfortDelGro Capital Partners, Se-cure Waste Management Pte. Ltd., Momentum Venture Capital, and Shift4Good. 

The company focuses on sustainable materials and uses electrochemical methods to recycle lithium-ion batteries. This helps clients use a clean system that can grow with the growing lithium battery market. They provide a battery recycling solution that manages the rising number of used lithium batteries from the increasing demand for electric vehicles while being environmentally conscious.

## Funding rounds

- Seed, Jun 26, 2023, $3.7M — Momentum Venture Capital, SGInnovate, ComfortDelGro Capital Partners, Shift4Good, Se-cure Waste Management Pte. Ltd., Paragon Ventures

## Investors

- Momentum Venture Capital — Seed
- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Seed
- ComfortDelGro Capital Partners (https://capitalatlas.ai/funds/comfortdelgro-capital-partners) — Seed
- Shift4Good (https://capitalatlas.ai/funds/shift4good) — Seed
- Se-cure Waste Management Pte. Ltd. — Seed
- Paragon Ventures — Seed