BANIQL Korea Co., Ltd.
Green Nickel for a Sustainable Future
South Korea · Founded 2021 · $1.6M raised
- Founded
- 2021
- Business Model
- B2B
- Website
- baniql.com
- Total Funding
- $1.6M
- Last Round
- $1.6M SeedMay 2024
- Rounds
- 1
About
BANIQL is a green nickel refining company extracting nickel for lithium-ion batteries in an environmentally responsible manner. Its patent-pending BEST (Baniql Extraction SysTem) process integrates electrochemistry with advanced mechanical reactor design to extract nickel from laterite ore using less energy and water while producing net-zero toxic waste, achieving 99.7% nickel sulfate purity. The company operates a pre-pilot facility in Indonesia processing over 100 kg/day of ore, and holds strategic partnerships and offtake agreements with Korean customers as a lower-cost, lower-carbon alternative to HPAL nickel refining.
Summary
BANIQL Korea Co., Ltd. is a Climate Tech company based in South Korea, founded in 2021. It has raised $1.6M in total across 1 round, most recently a $1.6M Seed round in May 2024. Investors include BEENEXT, Seedstars and A2D Ventures.
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Funding History
May 2024
Investors
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