Clean Energy Ventures has led a $8M Seed funding round for Aepnus Technology, an Oakland, CA-based company that is working to improve circularity and reduce emissions in the battery supply chain chemicals industry. The funding round also saw participation from Voyager Ventures, Lowercarbon Capital, Impact Science Ventures, Muus Climate Partners, and Gravity Climate Fund. Mallika Gummalla, Ph.D., a Venture Partner at Clean Energy Ventures, will join the Board of Directors as part of the financing.
Aepnus Technology plans to use the funds to accelerate the production of its novel end-to-end sodium sulfate recycling technology. Led by CEO Lukas Hackl, the company offers a solution for low-cost sodium sulfate recycling that provides battery supply chain customers with access to critical chemicals that are cost-competitive and produced locally with zero carbon emissions. Over the next five years, the company aims to expand its technology platform to produce other commodity chemicals and ultimately reduce greenhouse gas emissions by an estimated 3 gigatons by 2050.
Through its focus on sustainability and innovation in its technology, Aepnus Technology is working towards a more environmentally friendly future in the battery supply chain industry. By making a significant impact on reducing emissions and promoting circularity, the company is well-positioned to continue developing and expanding its groundbreaking solutions with support from investors like Clean Energy Ventures and others.
