Aepnus Technology, an Oakland, CA-based developer of an electrochemical platform to enhance circularity and cut back emissions in battery provide chain chemical compounds, raised $8M in Seed funding.
The spherical was led by Clear Power Ventures with participation from Voyager Ventures, Lowercarbon Capital, Influence Science Ventures, Muus Local weather Companions and Gravity Local weather Fund. As a part of the financing, Clear Power Ventures’ Enterprise Associate, Mallika Gummalla, PhD, will be part of the Board of Administrators.
The corporate intends to make use of the funds to speed up the manufacturing of their novel end-to-end sodium sulfate recycling expertise.
Led by CEO Lukas Hackl, Aepnus Know-how offers an end-to-end answer for low-cost sodium sulfate recycling, giving battery provide chain clients entry to essential chemical compounds which are cost-competitive, produced domestically and with zero carbon emissions. Over the subsequent 5 years, the corporate plans to increase its expertise platform to supply a variety of different commodity chemical compounds. By its expertise, the corporate will cut back greenhouse gasoline emissions by an anticipated 3 gigatons by 2050.
FinSMEs
14/06/2024
