Aepnus Technology, an developer of an electrochemical platform to improve circularity and reduce emissions in battery supply chain chemicals, secures $8million in seed funding.
Clean Energy Ventures led the round, with participation from Gravity Climate Fund, Lowercarbon Capital, Impact Science Ventures, Muus Climate Partners, and Voyager Ventures. Mallika Gummalla, PhD, the venture partner of Clean Energy Ventures, will join the board of directors as part of the funding.
Read also – [Funding News] MA-based Posh AI Secures Strategic Funding
The money will be used by the business to quicken the development of their innovative end-to-end sodium sulphate recycling system. Under the direction of CEO Lukas Hackl, Aepnus Technology offers a complete solution for inexpensive sodium sulphate recycling, enabling customers in the battery supply chain to obtain essential chemicals at a reasonable price that are manufactured locally and emits no carbon dioxide.
The company intends to develop its technology platform to generate several more commodity chemicals over the course of the next five years. By 2050, the company expects to have cut greenhouse gas emissions by 3 gigatons thanks to its technology.
About Aepnus Technology
Aepnus Technology is committed to electrifying and decarbonising the production process of several everyday chemicals. To put it another way, their goal is to develop technology that uses electricity—ideally from renewable sources—to synthesise compounds through the electrolysis process.
