# Novocycle

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novocycle

- Industry: Environmental Services
- Headquarters: Sunnyvale, US
- Website: https://novocycle.com/
- Total disclosed funding: $1.1M
- Latest round: Seed (May 25, 2023)
- Investors on record: 3

## About

Founded in 2021 and based in the US, Niocycle Technologies dba Novocycle engages itself in the recycling and reintroduction of materials across the energy storage supply chain. As of 2024, the company is headed by its CEO Taha Uluhan. In May 2023, the firm raised USD 1.1 million in Seed funding co-led by investors SABIC Ventures and Diniz Holding, with participation from investor APY Ventures.

The business provides a recycling procedure for lithium-ion batteries that takes materials from many sources, such as electric cars, laptops, cell phones, and other gadgets. The company works with companies to provide sustainable and specialized solutions that meet their demands.

The company plans to use the May 2023 funding to enhance its industrial operations.

## Funding rounds

- Seed, May 25, 2023, $1.1M — SABIC Ventures, APY Ventures, Diniz Holding

## Investors

- SABIC Ventures (https://capitalatlas.ai/funds/sabic-ventures) — Seed
- APY Ventures (https://capitalatlas.ai/funds/apy-ventures) — Seed
- Diniz Holding — Seed