Nus Grip Deep Tech Start-Up, Neu Battery Materials Raises S$800,000 In Seed Funding

Deeptech start-up, NEU Battery Materials has raised a total of S$800,000 in seed funding from Momentum Venture Capital (the corporate venture arm of SMRT Corporation Ltd) and Se-cure Waste Management (a battery recycling & processing company in Singapore). This seed round also includes angel investments from two business angels in the energy storage and sustainability sectors, as well as earlier funding from the NUS Graduate Research Innovation Programme (GRIP). A flagship initiative of the NUS Industry Liaison Office, GRIP consists of three months of intense venture hothousing followed by nine months of incubation support, enabling NUS researchers, inventors, and students to transform the university's world-class research into deep tech start-ups. NEU Battery Materials will use this seed funding to build a pilot recycling plant in Singapore to recycle lithium from used lithium batteries.