Attero Battery Recycling India: As India accelerates its transition towards electric mobility and renewable energy, the demand for lithium-ion batteries (Li-ion) has surged. This shift underscores the importance of securing critical materials like lithium, cobalt, nickel, and graphite. Attero Recycling, a trailblazer in e-waste and battery recycling, is at the forefront of this movement, aiming to make India self-reliant in critical materials by 2025.
Attero is a leading Indian e-waste and lithium-ion battery recycling company, recognised for its innovative and sustainable recycling technologies.
Recycling Capacity (2025)
Aiming to expand lithium-ion battery recycling capacity to 200,000 tonnes per year within the next 2.5 years and 300,000 tonnes per year in the next five years.
Technological Edge
Holds 46 global patents, including NASA-approved technologies, enabling the recycling of various battery chemistries with over 98% efficiency, surpassing the global average of 75%.
Environmental Impact
Generates carbon credits for each tonne of waste recycled, being the only company globally to achieve this in e-waste and battery recycling.
Strategic Investments
Planning to invest approximately ₹8,300 crore over the next five years to enhance recycling capacities, including setting up new facilities in Andhra Pradesh/Jharkhand and Poland.
Revenue Projections (FY2025)
Targeting revenue of ₹1,100 crore, up from ₹440 crore in the previous fiscal year, indicating a growth rate of 100% year-on-year.
Global Expansion Plans
Establishing recycling plants in Poland, the USA, and Indonesia to meet over 15% of the world’s demand for critical battery materials like cobalt, lithium, graphite, and nickel.
Policy Support
Benefiting from government initiatives such as the waiver of Basic Customs Duty on battery scrap imports, which is expected to reduce EV battery prices by 10%.
Circular Economy Contribution
Extracts and reintroduces battery-grade metals into the manufacturing cycle, promoting a sustainable and self-reliant supply chain for critical materials in India.
Clientele
Serves major electronics and automotive companies, including Samsung, LG, Whirlpool, Godrej, Hitachi, Daikin, Foxconn, Flextronics, Oppo, Vivo, Hyundai, MG Motors, and Maruti Suzuki.
Conclusion
Attero Recycling’s pioneering efforts in battery recycling are instrumental in addressing the critical materials challenge facing India. Through innovative technology, strategic investments, and a commitment to sustainability, Attero is not only reducing environmental impact but also strengthening India’s position in the global battery supply chain. As the nation moves towards a greener and more self-reliant future, Attero’s role will undoubtedly be pivotal in achieving these objectives.
Bhakti Rawat is a Founder & Writer of InsureMyCar360.com. This site Provides You with Information Related To the Best Auto Insurance Updates & comparisons. 🔗
