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Novocycle recycles lithium-ion battery materials from products such as electric vehicles and electronics.
Founded in 2021, Novocycle recycles and reintroduces materials from lithium-ion batteries into the energy storage supply chain. It works with companies on recycling solutions for batteries from electric cars, laptops, phones, and other devices. In May 2023, the company raised USD 1.1 million in seed funding co-led by SABIC Ventures and Diniz Holding, with APY Ventures participating. CEO Taha Uluhan leads the company.
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