A startup specializing in lithium iron phosphate (LFP) battery recycling has secured significant funding to expand its operations. The investment will accelerate the development of a closed-loop recycling system designed to recover critical materials from used electric vehicle batteries. With growing demand for sustainable battery production, the company aims to address environmental and supply chain challenges in the EV industry. The funding highlights increasing industry focus on circular economy solutions for battery manufacturing.
NEU Battery Materials raises $7.6 million to scale LFP battery recycling Charged EVs
