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Page Content {{PAGENAME}} is a Singapore-based lithium recycling startup. ==Technology== NEU Battery Materials uses a redox targeting electrochemical extraction to recovers lithium from black mass<ref>{{Cite web |title=Redox-targeting Electrochemical Lithium-ion Battery Recycling Technology {{!}} NEU Battery Materials |url=https://www.neumaterials.com/lfp-recycling-technology |access-date=2025-12-04 |website=www.neumaterials.com}}</ref>. Their patented process requires electricity as its only consumable, and utilises regenerative chemicals to avoid toxic waste and harsh acids. This technique produces battery-grade lithium which can be supplied back to battery manufacturers, and is the world’s first redox targeting recycling method capable of processing lithium iron phosphate (LFP) batteries<ref>{{Cite web |title=NEU Battery Materials {{!}} SGInnovate |url=https://www.sginnovate.com/investments/neu-battery-materials |access-date=2025-12-04 |website=www.sginnovate.com}}</ref>. The firm is currently operateing a pilot production plant in Singapore, where it recycles manufacturing scrap and end-of-life batteries from various regions and clients<ref>{{Cite web |title=NEU Battery Materials |url=https://www.neumaterials.com/news/neu-battery-materials-and-grst-announce-collaboration-agreement-to-drive-clean-and-sustainable-battery-manufacturing-and-recycling |access-date=2025-12-04 |website=www.neumaterials.com}}</ref>. ==Traction== In 2024, NEU Battery Materials entered a partnership with [[Green Renewable Sustainable Technology]], a China-based battery recycling and manufacturing company to accelerate the commercialisation of LFP battery recycling<ref>{{Cite web |title=NEU Battery Materials |url=https://www.neumaterials.com/news/neu-battery-materials-and-grst-announce-collaboration-agreement-to-drive-clean-and-sustainable-battery-manufacturing-and-recycling |access-date=2025-12-04 |website=www.neumaterials.com}}</ref>. ==Accolades== The startup has won multiple awards since it's founding, including: * Overall Champion and GreenTech Winner at EPIC 2025, Hong Kong’s flagship innovation and technology competition organised by HKSTP<ref>{{Cite web |title=NEU Battery Materials |url=https://www.neumaterials.com/news/neu-battery-materials-wins-hong-kongs-top-innovation-prize |access-date=2025-12-04 |website=www.neumaterials.com}}</ref> * 2025 BNEF Pioneers Finalist in the "Innovations in energy storage" challenge<ref>{{Cite web |last=mkaczmarski |date=2025-03-06 |title=2025 BNEF Pioneers Finalists Tackle Light Industry Decarbonization, the Future of Energy Storage and Climate Change Adaptation |url=https://about.bnef.com/insights/clean-energy/2025-bnef-pioneers-finalists-tackle-light-industry-decarbonization-the-future-of-energy-storage-and-climate-change-adaptation/ |access-date=2025-12-04 |website=BloombergNEF |language=en-US}}</ref> * In 2023, the Singapore Management University Chancellor Award, the Maybank Young Entrepreneurship Shield Award, the Sembcorp Industries Ltd Greenovation Award, and the YIT Haina Innovation Award, accumulating US$190,000 in prize money<ref>{{Cite web |title=Shift4Good |url=https://www.shift4good.com/blog/neu-battery-materials-awarded-for-its-innovative-approach-to-a-smart-sustainable-and-resilient-future |access-date=2025-12-04 |website=www.shift4good.com |language=fr}}</ref> ==Funding== NEU Battery Materials secured a US$3.7 million in an oversubscribed seed funding round led by [[SGInnovate]], with participation from [[ComfortDelGro Ventures]], [[Shift4Good]], [[Paragon Ventures]].{{Startup/Funding history}} == See also == * List any other pages directly relevant to {{PAGENAME}} == References == {{Reflist}}
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