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§ Private Profile · Oakland, CA, USA
Converts industrial chemical waste to valuable chemicals for battery & critical minerals processing via electrolysis.
Based in Oakland, California, Aepnus Technology develops solid-state electrolysis technology that converts industrial chemical waste streams into valuable commodity chemicals. The company provides electrified process technology and electrolyzer systems that replace traditional fossil-fuel-powered manufacturing with on-site waste-to-chemical conversion for the mining, battery manufacturing, and pulp and paper sectors. The enterprise operates with a 12-person team and has raised $8 million in seed funding to scale its operations, recently achieving a 2,000-hour runtime milestone at its pilot plant in Quebec. Aepnus Technology is backed by venture capital firms including Clean Energy Ventures and Lowercarbon Capital, and it serves major industrial clients such as General Motors, POSCO Future M, and Vale Base Metals. To decarbonize the global supply chain, the climate technology company was officially founded in 2022 by Lukas Hackl and Bilen Akuzum.
Aepnus Technology has raised $8.0M across 1 funding round.
Aepnus Technology has raised $8.0M in total across 1 funding round.
Aepnus Technology has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 13, 2024 | $8M Seed | Clean Energy Ventures | — | Announced |
Aepnus Technology develops an advanced electrochemical platform designed to convert industrial chemical waste streams into valuable, reusable reagents. Its proprietary electrolyzer system efficiently transforms byproducts like sodium and lithium sulfate into essential chemicals such as sodium hydroxide, sulfuric acid, and battery-grade lithium compounds. This innovative approach aims to enhance industrial circularity and significantly reduce the environmental impact associated with traditional chemical production processes.
The company was founded by Dr. Lukas Hackl, who serves as CEO, and Dr. Bilen Akuzum, the CTO, both emerging from backgrounds as experienced researchers. Their foundational insight was the substantial opportunity to create economic value and environmental benefit by addressing chemical waste, particularly within critical supply chains. They focused on engineering a cost-effective, efficient electrolysis method that could leverage renewable electricity to produce commodity chemicals.
Aepnus's technology serves businesses across diverse industries that depend on a reliable supply of commodity chemicals, with a particular focus on the battery manufacturing sector. The company’s overarching vision is to foster a more sustainable chemical economy by enabling the complete recycling of industrial byproducts. Aepnus seeks to bolster domestic chemical production capabilities, thereby reducing waste and promoting resource independence.
Aepnus Technology has raised $8.0M in total across 1 funding round.
Aepnus Technology's investors include Clean Energy Ventures.