Novocycle Technologies
Novocycle Technologies is a privately held battery-recycling company operating a proprietary dry-direct process that recovers high-purity NMC cathode and graphite anode materials from lithium-ion batteries for sale to battery cell manufacturers, pack assemblers, and EV/industrial users, primarily in the EU.
- Company typePrivate
- Founded2021
- HeadquartersSacramento, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Novocycle Technologies does
Novocycle Technologies is a privately held battery-recycling company founded in November 2021 that operates a proprietary "dry-direct" recycling process, marketed as NovoRec, for end-of-life and production-scrap lithium-ion batteries. Instead of shredding, crushing, or chemically leaching cells, the process dismantles and disassembles them to recover cathode powders (NMC 811, NMC 532) and anode graphite at >96% mass recovery and >99% purity, with the recovered graphite delivering >99% of virgin material performance at ~350 mAh/g and total impurities below 0.39%. Outputs are sold as battery-grade active materials via shop.novocycle.com and through direct enterprise channels, with EU Battery Regulation 2023/1542 compliance positioned as a primary sales lever.
The company is incorporated in California (registered office at Plug & Play Tech Center, Sunnyvale) and operates two foreign subsidiaries — Novocycle Teknoloji (Kocaeli, Türkiye, primary R&D and initial recycling plant) and Novocycle Technologies B.V. (Geleen, Netherlands, site of an EU Just Transition Fund-backed 200 t/yr semi-automated pilot launched in March 2025). Target customers are battery cell manufacturers, pack assemblers, EV OEMs, and industrial battery users requiring circular supply of cathode and anode active materials, plus micromobility and consumer-electronics recyclate streams.
The business is currently pre-commercial at scale: total disclosed funding is a $1.1M seed round closed in March 2023 (led by Diniz Holding and SABIC Ventures, with APY Ventures), no revenue is publicly disclosed, and ~12-person headcount is split across process engineering, machine integration, ML/software, and business development. Distribution is a hybrid of direct B2B sales for commercial volumes and an e-commerce shop for sample qualification, with EU regulatory alignment (2023/1542 and the 2031 recycled-content mandates of 16% cobalt, 6% lithium, 6% nickel) as the central commercial thesis.
Novocycle Technologies firmographics
Firmographics- Name
- Novocycle Technologies
- Legal name
- Novocycle Technologies Corporation
- Website
- https://novocycle.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Novocycle Technologies is a privately held battery-recycling company operating a proprietary dry-direct process that recovers high-purity NMC cathode and graphite anode materials from lithium-ion batteries for sale to battery cell manufacturers, pack assemblers, and EV/industrial users, primarily in the EU.
- Ownership category
- akta.pro rank
Novocycle Technologies industry classification
Industry- Product category
- Battery Recycling and Materials
- NAICS
- Materials Recovery Facilities (562920)
- SIC
- Refuse Systems (4953)
- akta.pro primary industry
- Direct Recycling & Cathode Regeneration (Relithiation, Reconditioning) (EUAFACAF)
- akta.pro secondary industries
- Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF), Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA), Battery Recycling & Management (Lithium-ion, Lead-acid) (BPALAIAF)
Keywords
Where Novocycle Technologies is headquartered
LocationHeadquarters
- HQ city
- Sacramento
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Novocycle Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Recycled Battery Materials Sales: Sale of recovered high-purity cathode materials (NMC 811, NMC 532) and anode materials (graphite) to battery manufacturers for use in new battery production. Materials are sold through the company's e-commerce shop platform.
- Battery Recycling Services: Provides end-of-life battery recycling and production scrap recycling services to industries. Supports circular economy for lithium-ion and sodium-ion batteries.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Products available via online shop for sample requests and commercial inquiries |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Novocycle Technologies product offering
Product offeringCore offering
Novocycle Technologies operates a proprietary dry-direct lithium-ion battery recycling process (NovoRec Process) that recovers high-purity cathode (NMC 811, NMC 532) and anode (graphite) materials from end-of-life and production-scrap batteries without shredding or harsh chemicals. The company sells these recycled battery-grade materials to manufacturers and offers end-of-life battery recycling services to enable a closed-loop circular supply chain.
Product overview
Novocycle Technologies operates as a battery recycling company offering the NovoRec Process as its core technology for lithium-ion battery recycling without shredding or chemical treatment. The company sells recovered battery materials through its online shop including Recycled Anode Material (Graphite), Recycled Cathode Material (NMC 811), and Recycled Cathode Material (NMC 532). These recycled materials support up to 70% lower CO2 footprint than virgin materials and enable closed-loop circular economy for battery manufacturers. The company is expanding into sodium-ion battery recycling and operates pilot facilities in Turkey and The Netherlands.
Differentiator
Problem solved
Functional benefit
Products and services
- NovoRec Process
- Recycled Cathode Material (NMC 811)
- Recycled Cathode Material (NMC 532)
- Recycled Anode Material (Graphite)
- Battery Recycling Services
Quantifiable outcome
- 96%+ recycling efficiency vs conventional methods
- +5 more outcomes
Companies that use Novocycle Technologies
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Novocycle Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Novocycle Technologies partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- TNO (Nederlandse Organisatie voor toegepast-natuurwetenschappelijk onderzoek)coreLeading Dutch research organization coordinating the FlexCycle project under the Just-Transition-Fund. Novocycle participates in this consortium focused on thermoplastic composite recycling from battery systems through additive manufacturing.
- CHILLminorPartner in the FlexCycle project working on extrusion printer development and alignment with Novocycle's battery component requirements for micromobility applications.
- eModumminorPartner in the FlexCycle project for developing smart scooter battery prototypes using recycled plastics from Novocycle's battery recycling processes.
- Coşkunöz HoldingminorTurkish industrial group listed among Novocycle's investment partners on the investor relations page, indicating a broader partnership network supporting the company's growth.
- IFE (Institute for Energy Technology)coreNorwegian research institute coordinating the SPRINT Horizon Europe project. Novocycle contributes its dry-direct recycling expertise to this 17-partner consortium across 8 European countries focused on sodium-ion battery innovation.
- M-ERA.NET ConsortiumcoreEuropean research consortium for the LIB2SIB project focusing on upcycling spent lithium-ion batteries (LFP) into sodium-ion battery materials. Novocycle responsible for LFP battery recycling and providing high-purity recycled materials.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Novocycle Technologies competitors and assessment
Company assessmentDirect peers
- Redwood Materials: US-based lithium-ion battery recycler founded by former Tesla CTO JB Straubel, focused on closed-loop recovery of cathode and anode materials for cell makers and OEMs (Ford, Volkswagen, Panasonic, Toyota). Directly comparable as a vertically integrated Li-ion recycler targeting the same customer segments as Novocycle.
- Li-Cycle: Canada-headquartered, publicly listed Li-ion battery recycler using a hub-and-spoke hydrometallurgical model to produce battery-grade materials. Directly comparable as a Li-ion recycler supplying recovered materials to cell makers and OEMs globally, including Europe.
- Hydrovolt: Joint venture between Norsk Hydro and Northvolt operating a commercial-scale Li-ion battery recycling plant in Norway, focused on hydrometallurgical recovery of black mass. Directly comparable as a European industrial-scale Li-ion recycler serving cell makers and automotive OEMs.
- Ascend Elements: US-based Li-ion battery recycler using a proprietary hydrometallurgical process (Hydro-to-Cathode) to produce recycled cathode active material. Comparable as a direct-recycling-adjacent peer producing battery-grade CAM from spent batteries and production scrap, competing for the same cell-maker customers.
Broad incumbents
- Umicore: Belgian global materials technology and recycling group with a long-standing battery materials and battery recycling business supplying European cell makers and OEMs. Comparable as an established incumbent in Li-ion recycling and cathode material production, with broader portfolio reach than Novocycle.
- Fortum: Finnish energy group operating a commercial-scale Li-ion battery recycling hydrometallurgical plant in Harjavalta, Finland, with expansion to Germany. Comparable as a European industrial incumbent in Li-ion recycling supplying recovered materials (nickel, cobalt, manganese) to battery value chain participants.
- Northvolt: Swedish battery cell manufacturer and recycler with integrated Voltpack/Cell production and battery recycling operations (including the Hydrovolt JV with Norsk Hydro). Comparable as a European cell maker integrating recycling capabilities, overlapping with Novocycle's customer base and circularity narrative.
Emerging players
- Princeton NuEnergy: US-based start-up developing a low-temperature direct recycling process for Li-ion batteries that recovers cathode materials for direct reuse, similar in technological approach to Novocycle's NovoRec. Comparable as an emerging peer pursuing direct/cathode regeneration rather than shred-and-leach.
- ReJoule: US-based start-up focused on battery state-of-health diagnostics and second-life battery applications. Comparable as an emerging player in the circular battery value chain with partial overlap with Novocycle's EOL battery handling and second-life positioning.
Others
- Glencore: Global mining and commodities group active in cobalt, nickel, and copper trading and processing with growing battery recycling interests. Comparable as a critical-materials supplier/customer interface in the same battery materials value chain Novocycle targets, though not a direct recycling competitor.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Novocycle Technologies social profiles
Digital presenceNovocycle Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Novocycle Technologies leadership team
Management profileNumber of profiles
Profiles9 records
Novocycle Technologies funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Novocycle Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Novocycle Technologies
What does Novocycle Technologies do?
Novocycle Technologies operates a proprietary dry-direct lithium-ion battery recycling process (NovoRec Process) that recovers high-purity cathode (NMC 811, NMC 532) and anode (graphite) materials from end-of-life and production-scrap batteries without shredding or harsh chemicals. The company sells these recycled battery-grade materials to manufacturers and offers end-of-life battery recycling services to enable a closed-loop circular supply chain.
Is Novocycle Technologies a public or private company?
Novocycle Technologies is a private company. It is classified as venture growth investor backed and is currently operating.
When was Novocycle Technologies founded?
Novocycle Technologies was founded in 2021. It employs 11 to 50 people.
Where is Novocycle Technologies based?
Novocycle Technologies is headquartered in Sacramento, United States, in the North America region.
How does Novocycle Technologies make money?
Two revenue lines are on record. Recycled Battery Materials Sales are the primary driver. The others are battery Recycling Services.
Who are Novocycle Technologies's main competitors?
Direct peers on record are Redwood Materials, Li-Cycle, Hydrovolt and Ascend Elements. Broad incumbents are Umicore, Fortum and Northvolt. Emerging players are Princeton NuEnergy and ReJoule. Glencore is listed as an others.
Does Novocycle Technologies have an API?
No public API is recorded for Novocycle Technologies.
What industry is Novocycle Technologies in?
Novocycle Technologies's product category is Battery Recycling and Materials. Its primary akta.pro industry code is EUAFACAF, Direct Recycling & Cathode Regeneration (Relithiation, Reconditioning), with a secondary code of EUAIAIAF, Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling). Its NAICS code is 562920 and its SIC code is 4953.