NEU Battery Materials
NEU Battery Materials is a Singapore-based startup that operates a patented electrochemical recycling process to recover battery-grade lithium from end-of-life Lithium Iron Phosphate (LFP) batteries, selling recycled lithium and recycling services to battery manufacturers, eMobility/ESS firms, and eWaste recyclers.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What NEU Battery Materials does
NEU Battery Materials Pte Ltd is a Singapore-based, venture-backed startup founded in 2021 that has developed a patented electrochemical redox-targeting recycling process specifically engineered for Lithium Iron Phosphate (LFP) batteries — a chemistry that traditional hydrometallurgical and pyrometallurgical recyclers typically avoid because LFP lacks high-value cobalt and nickel. The company's core technology uses only electricity and water as consumables, employs regenerative reagents, requires no acids, no heat, and no wastewater treatment, and is delivered as a modular electrochemical stack system (anodic tank, electrolyzer, cathodic tank) that can be scaled by plugging in additional modules. NEU operates a 150-tonne-per-year pilot recycling plant at Se-cure Waste Management's Singapore facility and is scaling toward a 1,300-tonne semi-commercial facility.
The company monetizes through two streams: (1) tolling/ recycling services that accept all types of lithium batteries and black mass from customers, and (2) sales of battery-grade lithium hydroxide recovered from LFP feedstock, sold back into the battery cell manufacturing supply chain. Go-to-market is enterprise field sales targeting three primary segments — battery manufacturers (production scrap recovery), eMobility and energy storage system operators (end-of-life solutions), and eWaste recyclers (black mass processing) — supplemented by eWaste recycler and logistics partner channels globally. Pricing is quote-based and not publicly disclosed, with fees influenced by battery condition, logistical handling, and domestic vs. overseas processing.
NEU has raised approximately US$4.5 million across an initial S$800,000 seed (June 2022), a US$3.7 million oversubscribed seed (July 2023), and a Pre-Series A first-close (January 2026, amount undisclosed). Backers include SGInnovate, ComfortDelGro Ventures, Shift4Good, Paragon Ventures I, Momentum Venture Capital, Se-cure Waste Management, CJIC, and M7 Holdings, with support from Temasek Foundation and Enterprise Singapore. Strategic partnerships include a collaboration with GRST (2024) for cathode scrap feedstock from China and co-development of PFAS-free products, an affiliation with the National University of Singapore, and recognition via EPIC 2025 Overall Champion, BNEF Pioneers finalist, Forbes Asia 100 to Watch top-4, HolonIQ Indo-Pacific Climate Tech 100, and FedEx Asia Pacific Top 4.
NEU Battery Materials firmographics
Firmographics- Name
- NEU Battery Materials
- Legal name
- NEU Battery Materials Pte Ltd
- Website
- https://neumaterials.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NEU Battery Materials is a Singapore-based startup that operates a patented electrochemical recycling process to recover battery-grade lithium from end-of-life Lithium Iron Phosphate (LFP) batteries, selling recycled lithium and recycling services to battery manufacturers, eMobility/ESS firms, and eWaste recyclers.
- Ownership category
- akta.pro rank
NEU Battery Materials industry classification
Industry- Product category
- Lithium Battery Recycling
- NAICS
- Materials Recovery Facilities (562920), Hazardous Waste Treatment and Disposal (562211)
- SIC
- Refuse Systems (4953), Hazardous Waste Management (4955)
- akta.pro primary industry
- Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE)
- akta.pro secondary industries
- Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ), Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Battery Recycling, Second-Life & Remanufacturing (IMAGAHAL)
Keywords
Where NEU Battery Materials is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
NEU Battery Materials business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Operations
Revenue model
- Battery Recycling Services: NEU accepts all types of lithium batteries and black mass from customers, providing recycling services to battery manufacturers, eMobility companies, ESS operators, and eWaste recyclers. The company recovers lithium and returns it to the battery supply chain.
- Battery-Grade Lithium Sales: NEU produces and sells battery-grade lithium hydroxide recovered from recycled LFP batteries. This recycled lithium is supplied directly to battery manufacturers, contributing to a circular economy in the battery industry.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
NEU Battery Materials product offering
Product offeringCore offering
NEU Battery Materials recycles end-of-life Lithium Iron Phosphate (LFP) lithium-ion batteries using a proprietary, patented electrochemical redox-targeting process that recovers battery-grade lithium hydroxide. The process consumes only electricity and water (no acids, no heat, no wastewater treatment required) and is delivered through modular electrochemical stack units that can be scaled by plugging in additional modules. The company accepts lithium batteries and black mass from battery manufacturers, eMobility firms, energy storage system operators, and eWaste recyclers at its Singapore facility, then returns recovered battery-grade lithium to the battery supply chain.
Product overview
NEU Battery Materials operates as a single unified product offering centered on LFP (Lithium Iron Phosphate) battery recycling technology. The core product is a patented electrochemical redox-targeting recycling system that processes black mass from end-of-life LFP batteries to recover battery-grade lithium. This technology is delivered as a modular electrolyzer-based solution where additional units can be plugged in to scale capacity. The company processes batteries at its Singapore facility and supplies the recovered lithium directly to battery manufacturers, creating a closed-loop critical metal supply chain. The product portfolio consists of three main elements: the LFP Battery Recycling Technology (the core proprietary process), Battery-Grade Lithium Supply (the output product), and Redox Targeting Electrochemical Modules (the modular hardware components that enable the scalable extraction process).
Differentiator
Problem solved
Functional benefit
Products and services
- LFP Battery Recycling Services End-to-end recycling service for Lithium Iron Phosphate (LFP) lithium-ion batteries and black mass. NEU accepts all kinds of lithium batteries and black mass from customers, recovers battery-grade lithium using its patented electrochemical redox-targeting process, and supports logistics from collection points to its Singapore facility. The service is targeted at battery manufacturers, eMobility companies, ESS operators, and eWaste recyclers.
- Battery-Grade Lithium Hydroxide Supply Battery-grade lithium hydroxide produced from recycled LFP batteries through NEU's proprietary electrochemical process. The recovered lithium is suitable for reintroduction into battery cell manufacturing supply chains, supporting a circular critical mineral economy. Sold directly to battery manufacturers.
Quantifiable outcome
- 5x lower CO2 emissions compared to traditional recycling methods
- +3 more outcomes
Companies that use NEU Battery Materials
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
NEU Battery Materials technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
NEU Battery Materials partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and supporting.
- GRST (Green Renewable Sustainable Technology)coreStrategic collaboration to accelerate commercialization of LFP battery recycling. GRST provides cathode scrap from their battery manufacturing in China, NEU provides recycling process. Jointly developing PFAS-free products. GRST is the 2023 Earthshot Prize 'Clean our Air' Category winner.
- Se-cure Waste ManagementcoreHosted NEU's pilot recycling plant at their facility in Singapore. Co-led initial seed funding round and is listed as a key partner and collaborator. The plant processes 150 tonnes annually at this location.
- National University of Singapore (NUS)supportingNEU is a startup affiliated with NUS, developing technology in partnership with the university. Listed as a collaborator in the investor/partner network section.
- Battery Manufacturers (Customers)coreNEU recovers production scrap from battery manufacturers, feeding materials directly back into cell manufacturing processes. Target customer segment for recycling services.
- eMobility and ESS Firms (Customers)coreNEU provides end-of-life LFP battery recycling solutions for electric vehicle and energy storage system companies. Partners who use LFP batteries in their products.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
NEU Battery Materials competitors and assessment
Company assessmentDirect peers
- Li-Cycle Holdings: Public battery recycler operating a global spoke-and-hub network for lithium-ion battery recycling including LFP feedstock. Most directly comparable by product category (LFP recycling) and customer base (battery manufacturers, OEMs, e-waste recyclers), though at materially larger commercial scale.
- Ascend Elements: US-based battery recycling and engineered materials company focused on closed-loop recovery of lithium, nickel, cobalt, and manganese from lithium-ion batteries. Direct competitor in the battery-grade materials-from-recycling space with similar customers (cell manufacturers) and overlapping recycling methodologies.
- Princeton NuEnergy: US-based lithium-ion battery recycling startup using proprietary plasma-based cathode recovery process. Early-stage competitor pursuing battery-grade materials recovery similar to NEU's value proposition, with comparable customer base and emerging commercial positioning.
- Li Industries: US-based battery recycling startup using electrochemical processes to recover lithium, cobalt, and nickel from end-of-life batteries. Direct competitor with very similar technical approach (electrochemical recycling) and overlapping customer base in the battery materials recovery space.
Broad incumbents
- Redwood Materials: Well-funded battery recycling and cathode materials company founded by former Tesla CTO JB Straubel. Operates at commercial scale across multiple chemistries with major OEM partnerships; overlapping customer base with NEU (battery manufacturers, eMobility) but broader portfolio and far larger scale.
- Cirba Solutions: North America's largest battery recycling and materials processor, handling lithium-ion batteries at commercial scale. Overlaps with NEU in recycling services and battery-grade materials output, but operates across multiple chemistries and at much larger scale.
Emerging players
- Element Energy: Early-stage electrochemical battery materials company developing low-cost lithium hydroxide from recycled sources. Closely comparable technology approach (electrochemical, sustainable, no acids) and similar target of LFP-specific recycling, making it a technology peer for NEU.
Regional players
- Fortum Battery Recycling: European battery recycling operation by Finnish energy company Fortum, with commercial hydrometallurgical recycling plants in Finland and Germany. Comparable service offering and customers but focused on European market and using conventional hydrometallurgical rather than electrochemical process.
- Hydrovolt: Joint venture between Norsk Hydro and Northvolt for lithium-ion battery recycling in Norway. Comparable recycling output (black mass, battery-grade materials) and European customer base, but operates as a regional hydrometallurgical player rather than Asia-Pacific electrochemical specialist.
Others
- GRST (Green Renewable Sustainable Technology): Hong Kong-based battery materials company and NEU's strategic commercialization partner. Not a competitor but an adjacent ecosystem player providing LFP cathode scrap feedstock and co-developing PFAS-free products with NEU's recycling technology.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
NEU Battery Materials social profiles
Digital presenceNEU Battery Materials financial estimates
Financial estimateRevenue estimate
Valuation estimate
NEU Battery Materials leadership team
Management profileNumber of profiles
Profiles9 records
NEU Battery Materials funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NEU Battery Materials 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 NEU Battery Materials
What does NEU Battery Materials do?
NEU Battery Materials recycles end-of-life Lithium Iron Phosphate (LFP) lithium-ion batteries using a proprietary, patented electrochemical redox-targeting process that recovers battery-grade lithium hydroxide. The process consumes only electricity and water (no acids, no heat, no wastewater treatment required) and is delivered through modular electrochemical stack units that can be scaled by plugging in additional modules. The company accepts lithium batteries and black mass from battery manufacturers, eMobility firms, energy storage system operators, and eWaste recyclers at its Singapore facility, then returns recovered battery-grade lithium to the battery supply chain.
Is NEU Battery Materials a public or private company?
NEU Battery Materials is a private company. It is classified as venture growth investor backed and is currently operating.
When was NEU Battery Materials founded?
NEU Battery Materials was founded in 2021. It employs 11 to 50 people.
Where is NEU Battery Materials based?
NEU Battery Materials is headquartered in Singapore, Singapore, in the Asia region.
How does NEU Battery Materials make money?
Two revenue lines are on record. Battery Recycling Services are the primary driver. The others are battery-Grade Lithium Sales.
Who are NEU Battery Materials's main competitors?
Direct peers on record are Li-Cycle Holdings, Ascend Elements, Princeton NuEnergy and Li Industries. Broad incumbents are Redwood Materials and Cirba Solutions. Element Energy is listed as an emerging player. Regional players are Fortum Battery Recycling and Hydrovolt. GRST (Green Renewable Sustainable Technology) is listed as an others.
Does NEU Battery Materials have an API?
No public API is recorded for NEU Battery Materials.
What industry is NEU Battery Materials in?
NEU Battery Materials's product category is Lithium Battery Recycling. Its primary akta.pro industry code is EUAMALAE, Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid), 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.