NEU Battery Materials raises $7.6M for LFP recycling

Singapore-based NEU Battery Materials closed an oversubscribed US$7.6 million funding round co-led by Shift4Good and SGInnovate. The capital supports ramping production of battery-grade lithium from LFP feedstock at a new 1,300-tonne-per-year factory in Singapore. This facility represents a six and a half times capacity increase from its previous pilot line.