Nitin Gupta, the CEO and Co-Founder of Attero, revealed that the electronic waste and battery recycling company planned to invest approximately Rs 83 billion over the next five years to expand its capacity. He mentioned that currently, the company had the capability to recycle up to 1,44,000 tonne of electronic waste (e-waste) and 15,000 tonnes of lithium-ion battery annually. Gupta informed that in the forthcoming five years, they intended to invest roughly around $1 billion overall, incorporating various forms of capital such as debt, equity, and other non-diluted forms of capital. He elaborated that the company was experiencing a growth rate of 100 per cent year-on-year and was progressively enhancing its capacity. Gupta stated that a greenfield facility was under construction in Europe, specifically in Poland, where work had already commenced. Additionally, another greenfield facility was being established in India, with the space being finalized in Andhra Pradesh or Jharkhand. The projected e-waste recycling capacity would increase to approximately 4,15,000 tonnes per annum, and the battery recycling capacity was expected to reach around 50,000 tonnes per annum within a year. The company aimed to achieve revenue of over $2 billion, equivalent to about Rs 165 billion by 2027. According to Gupta, the industry was growing at a rate of approximately 30 per cent per annum, whereas Attero was surpassing this with a growth rate exceeding 100 per cent year-on-year. He disclosed that the revenue for the financial year 2023 was approximately Rs 2.85 billion, which had increased to Rs 4.40 billion in FY24. He anticipated crossing the Rs 10 billion revenue mark in the current year. To reach the $2 billion target, he emphasised that only a few billions needed to be invested to enhance capacity. Gupta asserted that every other Indian company produced an intermediate product that was subsequently refined either by Attero or by companies located outside India.