Aepnus Technology Revolutionizes Battery Chemical Recycling
June 14, 2024, 3:41 pm
Location: United States, California, Oakland
Employees: 1-10
Founded date: 2021
Total raised: $8M
Aepnus Technology, a groundbreaking startup based in Oakland, CA, has secured $8 million in seed funding to propel their mission of transforming the battery supply chain through innovative chemical recycling solutions. Led by Clean Energy Ventures and a consortium of forward-thinking investors, Aepnus is poised to disrupt the industry and pave the way for a more sustainable future.
The brainchild of co-founders Bilen Akuzum and Lukas Hackl, Aepnus Technology is on a mission to tackle the growing issue of chemical waste in battery manufacturing. With the rise of electric vehicles and grid storage systems, the demand for batteries is skyrocketing, leading to a surge in chemical waste production. Aepnus aims to address this challenge head-on by developing an electrochemical platform that recycles sodium sulfate, a byproduct of battery production, back into valuable chemicals that can be reused in the manufacturing process.
By closing the loop on chemical waste, Aepnus not only helps manufacturers save money by reducing the need to purchase new chemicals but also contributes to a cleaner, more sustainable production process. With the potential to divert millions of tons of sodium sulfate from landfills, Aepnus is paving the way for a more circular and environmentally friendly battery supply chain.
The significance of Aepnus's technology cannot be overstated. As the world races towards a future powered by clean energy, the need for sustainable battery solutions has never been more pressing. With major overcapacity looming in the battery market, Aepnus's innovative approach to chemical recycling offers a timely and impactful solution to a critical industry challenge.
Looking ahead, Aepnus has ambitious plans to further expand their technology platform and reduce greenhouse gas emissions by an estimated 3 gigatons by 2050. With a Series A funding round on the horizon, Aepnus is well-positioned to continue leading the charge towards a more sustainable and circular economy.
The brainchild of co-founders Bilen Akuzum and Lukas Hackl, Aepnus Technology is on a mission to tackle the growing issue of chemical waste in battery manufacturing. With the rise of electric vehicles and grid storage systems, the demand for batteries is skyrocketing, leading to a surge in chemical waste production. Aepnus aims to address this challenge head-on by developing an electrochemical platform that recycles sodium sulfate, a byproduct of battery production, back into valuable chemicals that can be reused in the manufacturing process.
By closing the loop on chemical waste, Aepnus not only helps manufacturers save money by reducing the need to purchase new chemicals but also contributes to a cleaner, more sustainable production process. With the potential to divert millions of tons of sodium sulfate from landfills, Aepnus is paving the way for a more circular and environmentally friendly battery supply chain.
The significance of Aepnus's technology cannot be overstated. As the world races towards a future powered by clean energy, the need for sustainable battery solutions has never been more pressing. With major overcapacity looming in the battery market, Aepnus's innovative approach to chemical recycling offers a timely and impactful solution to a critical industry challenge.
Looking ahead, Aepnus has ambitious plans to further expand their technology platform and reduce greenhouse gas emissions by an estimated 3 gigatons by 2050. With a Series A funding round on the horizon, Aepnus is well-positioned to continue leading the charge towards a more sustainable and circular economy.