Posh raises $3.8 million to automate electric vehicle battery recycling

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“There will be approximately 12 million tons of electric vehicle batteries retired by 2030. Most of those batteries have 80% unused capacity and thousands of dollars worth of precious metals. Today those retired batteries are disassembled almost 100% by hand before being reused. or shredded for recycling. We are changing that by making battery disassembly fast, safe and scalable. We want to bring affordable lithium-ion batteries to as many people as possible and help create a circular economy for our electric future, said Wesley Zheng, CEO and co-founder of Posh, who did her Ph.D. on lithium batteries Stanford University.

Until now, dismantling electric vehicle batteries has been a manual and laborious process, exposing workers to numerous fire and safety hazards. Automating battery disassembly and grading is one of the biggest challenges in expanding applications of end-of-life electric vehicle (EV) batteries. Traditional automation is suitable for pre-programmed and repetitive tasks in a highly structured environment. There are currently many product variations for retired electric vehicle batteries and no common standard in battery design.

Co-founder and CTO Chung Hoang said developing flexible automation systems that can handle a wide variety of packs and deal with uncertainties remains a significant bottleneck in expanding the use of end-of-life EV batteries. “In order to build a fully scalable solution, we need to build a model that we can train to handle all battery types.”

With the lead singer of Muse Matt Bellamy (via Helium-3 Ventures), investors include Y Combinator, Metaplanet, Outbound Capital, Starling Ventures, Uponest Capital, Global Founders Capital and others.

About Posh
Based in the heart of Silicon Valley, Posh automates the recycling of electric vehicle batteries. By combining computer vision and robotic arms, Posh offers a safe, universal and scalable way to deliver sustainable energy storage solutions.
Posh was founded in 2021 by Wesley Zheng and Chung Hoang and is supported by Y Combinator.

For media inquiries, email [email protected].

SOURCE Chic

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