In Oakland, CA, Aepnus Technology has secured $8 million in Seed funding to enhance circularity and reduce emissions in the battery supply chain. The company, led by CEO Lukas Hackl, is focused on improving sustainability through its innovative sodium sulfate recycling technology. 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.
With the recent funding, Aepnus Technology plans to expedite the production of their sodium sulfate recycling technology. 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.
Mallika Gummalla from Clean Energy Ventures will join the Board of Directors as part of the financing. Overall, Aepnus Technology is focused on improving circularity and sustainability in the battery supply chain through its innovative electrochemical platform.
In summary, Aepnus Technology has secured $8 million in Seed funding to enhance circularity and reduce emissions in battery supply chain chemicals. With a focus on sustainability and innovation in sodium sulfate recycling technology, this company is set to make a significant impact on reducing greenhouse gas emissions by 3 gigatons by 2050.
