Priceton NuEnergy, BordentownNJ-based clean tech startup, ‘Greentech Startup’, raised $7M in Seed funding.
TheRound was led By Wistron Corporation(TPE: 3231), Participation from Shell Ventures (NYSE: SHEL), Greenland Technologies (NASDAQ: GTECH), CleanTech Open, AIBasis FundWorldQuant Ventures, and the angel investors.
TheThe company plans to use the funds for growth and development.
LedBy CEO Dr. Yan Chao, Princeton NuEnergyClean-tech startup that focuses on direct recycling of lithium-ion battery from electric cars and consumer electronics. ItsPatented Direct Battery RecyclingTechnology to produce high-quality, high-value-added cathode active material with low operating costs from spent lithium-ion battery. This technology also delivers sustainable energy and environmental solutions.
TheCompany was spun out of Princeton University in2019 by a founding group including:
- FounderCEO Dr. Yan ChaoWho is from? Princeton University;
- Co-FounderCTO Dr. Yang XiaofangHe has a solid background in research. Princeton University, Columbia University, Brookhaven National Laboratory,
- Co-FoundersTechnical advisors Prof. Yiguang Ju and Prof. Bruce E. KoelResearchers at Princeton University.