Aepnus Technology, a developer based in Oakland, CA, has secured $8 million in Seed funding to enhance circularity and reduce emissions in battery supply chain chemicals. Clean Energy Ventures led the funding round, with other investors including Voyager Ventures, Lowercarbon Capital, Impact Science Ventures, Muus Climate Partners, and Gravity Climate Fund. Mallika Gummalla, PhD, from Clean Energy Ventures will join the Board of Directors as part of the financing.
The company plans to use the funds to expedite the production of their innovative sodium sulfate recycling technology. CEO Lukas Hackl leads Aepnus Technology, offering a cost-effective solution for sodium sulfate recycling in the battery supply chain. This gives customers access to critical chemicals that are competitively priced, made locally, and with no carbon emissions. In the next five years, the company aims to extend its technology platform to produce various other commodity chemicals. By 2050, the company anticipates reducing greenhouse gas emissions by 3 gigatons through its technology.
Overall, Aepnus Technology is focused on improving circularity and sustainability in the battery supply chain through its innovative electrochemical platform, with the recent funding helping to accelerate their sodium sulfate recycling technology and expand their impact in the industry.