Princeton NuEnergy, a battery recycling company, has announced the initial closing of its Series A funding round, raising $16 million. The round was led by Wistron Corporation, with participation from new investors, including Honda Motor, GS Futures, and Traxys North America, along with previous investors Greenland Technologies, Shell Ventures, and WorldQuant Ventures. The company plans to use the funding to construct a new recycling facility and procure new equipment to increase processing capacity and further support operations.