Princeton NuEnergy Raises $16 Million Series A Funding

The company plans to use the funding for new recycling facility construction and equipment procurement.

November 7, 2023

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Princeton NuEnergy (PNE), a lithium-ion battery recycling company, announced the initial closing of its Series A funding round, raising $16 million. The round was led by Wistron Corporation, with participation from new investors, including Honda Motor, GS Futures, and Traxys North America, along with previous investors, including Greenland Technologies, Shell Ventures, and WorldQuant Ventures.

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