Nevada Technology
The business, the turning points, and the decisions behind them.
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Sections to complete：02
01 / WHAT IT BUILT
What the company did
Nevada Technology was a battery recycling company based in Carson City, Nevada, serving the electric vehicle industry. It recycled lithium-ion batteries from EVs, laptops, and cell phones through a hydrometallurgical process, recovering valuable metals that would otherwise end up in landfills. Founded in 2023, the company raised about $4 million in a seed round in December 2023. It went out of business in April 2025.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded and seeded
Nevada Technology was founded in Carson City, Nevada, and raised a $4 million seed round in December 2023 to build its lithium-ion battery recycling operations.
- Out of business
On April 18, 2025, PitchBook recorded the company as out of business, marking the end of its battery recycling operations.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
PitchBook lists Nevada Technology as 'Out of Business' as of April 18, 2025, with its last deal recorded as the December 2023 seed round.