Attero Recycling to invest Rs 300 cr in lithium battery capacity
POWER & RENEWABLE ENERGY

Attero Recycling to invest Rs 300 cr in lithium battery capacity

Attero Recycling has planned to invest Rs 300 crore in growing its lithium-ion battery recycling capacity to 11,000 million tonnes per annum (mtpa) from 1,000 mtpa by October 2022.

Nitin Gupta, CEO and co-founder of Attero Recycling, told the media that the company would increase its e-Waste capacity via franchise route.

He said that the company is already setting up plants to recycle e-Waste at 14 locations by December 2022.

He added that the company would ramp up its e-Waste capacity by 1,56,000 metric tonnes per year to 3 lakh metric tonnes by December 2022 through franchisees.

India generates more than 50,000 tonnes of lithium-ion battery waste each year. The company envisions getting 22% of the total potential market size by October 2022.

Gupta said that the company might sign a deal with Tesla for the supply of recycled products. Attero Recycling has raised Rs 140 crore, including Rs 25 crore debt.

The company focuses on producing sustainable materials like cobalt, nickel, tin, copper, silver and gold, completing the circular economy value chain.

The company's market share of automobiles and original electronic manufacturers (OEMs) is 90%. The company has partnered with MG Motors to recycle lithium-ion batteries fitted in the brand's ZS electronic vehicle (EV) units.

Gupta said that the company is looking at an initial public offering (IPO) in the next two to three years.

Image Source

Attero Recycling has planned to invest Rs 300 crore in growing its lithium-ion battery recycling capacity to 11,000 million tonnes per annum (mtpa) from 1,000 mtpa by October 2022. Nitin Gupta, CEO and co-founder of Attero Recycling, told the media that the company would increase its e-Waste capacity via franchise route. He said that the company is already setting up plants to recycle e-Waste at 14 locations by December 2022. He added that the company would ramp up its e-Waste capacity by 1,56,000 metric tonnes per year to 3 lakh metric tonnes by December 2022 through franchisees. India generates more than 50,000 tonnes of lithium-ion battery waste each year. The company envisions getting 22% of the total potential market size by October 2022. Gupta said that the company might sign a deal with Tesla for the supply of recycled products. Attero Recycling has raised Rs 140 crore, including Rs 25 crore debt. The company focuses on producing sustainable materials like cobalt, nickel, tin, copper, silver and gold, completing the circular economy value chain. The company's market share of automobiles and original electronic manufacturers (OEMs) is 90%. The company has partnered with MG Motors to recycle lithium-ion batteries fitted in the brand's ZS electronic vehicle (EV) units. Gupta said that the company is looking at an initial public offering (IPO) in the next two to three years. Image Source

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?