Econili Battery New Energy Raises Fresh Funding Led by Vynn Capital

On 3 November, Malaysian lithium-ion battery recycler Econili Battery New Energy announced an extension funding round led by Vynn Capital, bringing its total funding raised to RM8 million (approximately US$1.96 million). The amount of the latest round was not disclosed. The company plans to use the funding as working capital to secure battery feedstock and increase processing capacity. This creates opportunities for cleantech investors, battery suppliers and recycling partners. HPC can support investor research, strategic introductions and business-development partnerships.

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