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Princeton NuEnergy
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Provider of second-life battery solutions and closed-loop lithium-ion battery recycling

Founded in 2019
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Company type Private Public ()
Company type

Industry Group waste & recycling

Sector waste management

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Bordentown, NJ Bordentown, United States
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Updated by Sunena Gupta at on 06/18/2024

Edited by Cleantech Group on 07/08/2024

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Date Company
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Date Partner Type
09/21/2022
Traxys Traxys
Princeton NuEnergy and Traxys collaborate to recycle Lithium Ion Batteries. Traxys will support with logistical and funding strategies and anticipates participating in PNE's Series A funding round.
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Confirmed by Traxys
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IPO INFORMATION

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Date Investors Type Amount
06/17/2024 Samsung Ventures Samsung Ventures , Helium-3 Ventures Helium-3 Ventures , Honda Motor Co Honda Motor Co , LKQ LKQ , SCG SCG , Traxys Traxys , Wistron Wistron (7)
Post-money valuation of
Funds will be used for the construction of PNE’s first standalone, full-scale direct battery recycling advanced manufacturing facility. This additional $4M brings the Series A round to close at $30M, with a total company funding amount of $55M.
Series A $4,000,000
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