The startup provides lithium-ion battery and rare earth permanent magnet recycling services using patented membrane solvent extraction (MSX) technology to extract high-purity metals from electronic waste. By installing modular recycling plants close to customers, the company minimizes transportation costs and emissions while offering scalable recycling capacity tailored to specific demand.
Funding
$20.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The increasing demand for lithium-ion batteries and rare earth permanent magnets in electric vehicles and other technologies is creating a growing volume of electronic waste. Traditional recycling methods, such as pyrometallurgy and hydrometallurgy, often involve high costs, significant energy consumption, and substantial harmful emissions.
Solution
Momentum Technologies offers a modular and localized solution for recycling lithium-ion batteries and rare earth permanent magnets, recovering high-purity critical minerals and metals. Their patented Membrane Solvent Extraction (MSX) technology enables efficient extraction of materials, achieving recovery rates of 95% or higher and purity levels of 99% or greater. By deploying modular recycling plants near waste sources, Momentum minimizes transportation costs and emissions, while providing scalable recycling capacity tailored to specific regional demands. The MSX process uses a fraction of the chemicals compared to traditional hydrometallurgy and allows for the reuse of those chemicals multiple times, reducing both waste and reagent usage.
Target Audience
The primary target audience includes energy storage industries, gigafactories, recyclers, waste handlers, and original equipment manufacturers seeking sustainable and cost-effective recycling solutions for lithium-ion batteries and rare earth magnets.
Features
- Patented Membrane Solvent Extraction (MSX) technology for high-purity metal extraction
- Modular and co-locatable plant design for distributed processing
- High recovery rates (≥95%) and purity levels (≥99%) for critical minerals and metals
- Efficient use of resources, generating less emissions including CO2
- MSX-PREX pre-treatment block for solid powder handling, dissolution, and precipitation
- MSX-C core block for sequential separation of desired and undesired materials
- MSX-POSTX post-treatment block converts the mostly separated material mixture into desired end phase ready for packaging and sale
- Flexible business models including Build Own Operate and Manage (BOOM), Technology Transfer Model, and Licensing and Royalties Model