Princeton NuEnergy Closed $30 Million in Oversubscribed Series A Funding

This funding will support the company in constructing a standalone battery recycling facility.

June 18, 2024

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Princeton NuEnergy (PNE), a lithium-ion battery recycling company, closed $30 million in an oversubscribed Series A funding round. Funding was secured from Samsung Venture Investment Corporation, Samsung’s corporate venture arm, and Helium-3 Ventures. Existing investors, such as Honda Motor, LKQ Corporation, SCG Group, Traxys Group, and Wistron Corporation, also participated in this round.

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