Launch NY Backs Bridge Green Upcycle to Revolutionize Battery Recycling and Clean Energy in Upstate New York

Launch NY has officially announced its latest strategic investment in Bridge Green Upcycle, a cutting-edge startup based in Binghamton, NY, that’s redefining the future of battery recycling. This marks Launch NY’s 105th portfolio company and the 17th investment from its LP Fund II, which is currently in its final capital raise, set to close by April 30, 2025.

Scaling the Circular Economy Through Battery Innovation

Bridge Green Upcycle, founded by Binghamton University alum Balki Iyer, is tackling the growing global demand for battery materials with a mining-free, low-carbon solution. The company has developed a proprietary process that extracts high-value minerals from end-of-life and scrap batteries. These materials are then repurposed for use in multiple sectors, including battery manufacturing, pharmaceuticals, and paints. This approach not only reduces electronic waste but also supports a more resilient and sustainable energy ecosystem.

A Strong Public-Private Collaboration

This investment was made possible in part by funding from Empire State Development’s NY Ventures Community and Regional Partner Fund. The initiative includes a portion of the $52 million in SSBCI (State Small Business Credit Initiative) funding allocated to Launch NY. The backing includes resources from both Launch NY’s Nonprofit Seed Fund and its for-profit LP Fund II, solidifying Launch NY’s role in driving cleantech startup growth throughout Upstate New York.

Launch NY’s Commitment to Battery Tech and Energy Storage

Launch NY is deeply embedded in New York’s energy innovation ecosystem. As the region’s only nonprofit venture development organization and CDFI (Community Development Financial Institution) recognized by the U.S. Treasury, Launch NY is a vital partner in the NSF Engines: Upstate New York Energy Storage Engine—a national initiative led by Binghamton University to accelerate breakthroughs in battery R&D and commercialization.

Bridge Green Upcycle also benefits from strong regional support networks, including its active membership in the Koffman Southern Tier Incubator and participation in Launch NY’s Emerging Cleantech Opportunity (ECO) Incubator. Through programs like New Energy New York (NENY), the company has received technical assistance and student internship funding to help scale its operations and attract top local talent.

Invest in the Future of Sustainable Energy

As a key player in clean energy venture capital, Launch NY continues to lead investments in high-impact startups that are shaping a greener future. With LP Fund II approaching its close, now is the time for investors to engage with one of the most active early-stage funds in the Northeast.

Interested in investing in transformative startups like Bridge Green Upcycle?
Contact Jeanne Ernst at jernst@launchny.org to learn more about the Launch NY Investor Network.

Are you building a cleantech or high-growth startup?
Apply here to join Launch NY’s Entrepreneur-in-Residence Program and access capital, mentorship, and growth opportunities.