Electrochemical LFP battery recycling for battery-grade lithium
NEU Battery Materials is a Singapore-based company focused on recycling lithium iron phosphate (LFP) batteries and recovering battery-grade lithium. It has developed a patented electrochemical redox targeting process that uses electricity and water with regenerative chemicals, and operates a commissioned recycling plant in Singapore. On October 12, 2026 it announced an oversubscribed US$7.6 million funding round co-led by Shift4Good and SGInnovate, with participation from Lotus Singapore Group, M7 Holdings and existing backer Paragon Ventures I, to scale production and expand internationally.