Nus Grip Deep Tech Start-Up, Neu Battery Materials Raises S$800,000 In Seed Funding
Round Type
Seed
SingaporeSustainabilitySoftwareConsumer ElectronicsDescription
Deeptech start-up, NEU Battery Materials has raised a total of S$800,000 in seed funding from Momentum Venture Capital (the corporate venture arm of SMRT Corporation Ltd) and Se-cure Waste Management (a battery recycling & processing company in Singapore). This seed round also includes angel investments from two business angels in the energy storage and sustainability sectors, as well as earlier funding from the NUS Graduate Research Innovation Programme (GRIP). A flagship initiative of the NUS Industry Liaison Office, GRIP consists of three months of intense venture hothousing followed by nine months of incubation support, enabling NUS researchers, inventors, and students to transform the university's world-class research into deep tech start-ups. NEU Battery Materials will use this seed funding to build a pilot recycling plant in Singapore to recycle lithium from used lithium batteries.
Quick answer
NEU Battery Materials raised an undisclosed amount in a Seed round, dated June 22, 2022. NEU Battery Materials is based in Singapore.
- How much did NEU Battery Materials raise?
- NEU Battery Materials raised an undisclosed amount in a Seed round on June 22, 2022.
- What does NEU Battery Materials do?
- Lithium battery recycling is costly, inflexible and inefficient.
- Where is NEU Battery Materials based and how big is it?
- NEU Battery Materials is based in Singapore. Fundz records about 19 employees.
- Who are the decision-makers at NEU Battery Materials?
- Fundz holds 1 contact at NEU Battery Materials. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Sustainability and Consumer Electronics around the same time
Companies in the same sectors as NEU Battery Materials that raised within 45 days of this round, from Fundz verified event records.
- Great Atlantic Resources raised an undisclosed amount (Funding Round) on July 27, 2022.
- Halborn raised $90M (Series A) on July 20, 2022.
- FlexGen Power Systems raised $100M (Series C) on July 19, 2022.
- Celus raised $26M (Funding Round) on July 6, 2022.
- Great Atlantic Resources raised an undisclosed amount (Funding Round) on June 27, 2022.
- ESG Book raised $38M (Funding Round) on June 23, 2022.
Who to call at NEU Battery Materials, and when
A new round usually means NEU Battery Materials is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day NEU Battery Materials raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at NEU Battery Materials, from your own LinkedIn network
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Related People
NEU Battery Materials raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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