Aepnus Technology Raises $8M in Seed Funding - FinSMEs

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Aepnus Technology, an Oakland, CA-based developer of an electrochemical platform to improve circularity and reduce emissions in battery supply chain chemicals, raised $8M in Seed funding.
The round was led by Clean Energy Ventures with participation from Voyager Ventures, Lowercarbon Capital, Impact Science Ventures, Muus Climate Partners and Gravity Climate Fund. As part of the financing, Clean Energy Ventures’ Venture Partner, Mallika Gummalla, PhD, will join the Board of Directors.
The company intends to use the funds to accelerate the production of their novel end-to-end sodium sulfate recycling technology.
Led by CEO Lukas Hackl, Aepnus Technology provides an end-to-end solution for low-cost sodium sulfate recycling, giving battery supply chain customers access to critical chemicals that are cost-competitive, produced locally and with zero carbon emissions. Over the next five years, the company plans to expand its technology platform to produce a number of other commodity chemicals. Through its technology, the company will reduce greenhouse gas emissions by an expected 3 gigatons by 2050.
FinSMEs
14/06/2024
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