RecycleKaro partners with Bajaj Auto for EV battery recycling solutions

Share via:

Lithium-ion battery recycling company RecycleKaro today said it has partnered with automotive manufacturing giant Bajaj Auto.

Under the partnership, Recyclekaro will employ its cutting-edge Hydrometallurgy technology to recycle end-of-life batteries from Bajaj Auto vehicles.

The innovative Hydrometallurgy technology allows for the recovery of an astounding 95% of high-purity battery raw materials like cobalt, lithium, nickel and manganese, which can then be repurposed to manufacture new batteries.

Aiming for a circular economy with strategic partnership

According to the company’s statement, The partnership will enable recycling of an estimated 500 metric tonnes of end-of-life batteries annually, marking a substantial step towards minimizing battery waste and optimizing resource utilization.

The company said the initiative aligns seamlessly with global sustainability objectives and the principles of a circular economy, ensuring that the materials from used batteries are not only recovered but also re-enter the manufacturing cycle, thereby reducing the need for new raw materials. 

Addressing the challenges of battery disposal in the EV market

RecycleKaro’s Founder and director, Rajesh Gupta, emphasises the urgency of addressing the escalating challenge of battery waste in the rapidly growing Electric Vehicle (EV) market.

He stated, “As the EV market continues to grow rapidly, we are witnessing a significant surge in battery waste, which demands our attention. Leveraging our battery recycling expertise, our commitment is to support Bajaj Auto in their dedication to the circular economy and drive progress in the EV industry. Embracing the circular economy is not just essential; it’s imperative. Through the recycling of these end-of-life batteries, we’re not only reducing waste but also reshaping resource utilization for a sustainable future. This marks a significant stride toward net zero targets.”

Scaling up to meet future recycling needs

RecycleKaro operates India’s largest zero-waste, lithium-ion battery recycling facility, located in Palghar, near Mumbai, and spread across 17 acres.

The company claims that its facility, which is equipped with a Solvent extraction system, ensures safe and efficient processing, achieving over 90% metal extraction efficiency with purity above 99% from scrap batteries. 

Currently, It is handling 2500 metric tonnes of lithium-ion batteries and 7500 metric tonnes of electronic waste and plans to expand its capacity to 50,000 metric tonnes by 2025.

Also Read:

Ecommerce logistics solutions platform Shiprocket raises funding from McKinsey: Report

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

RecycleKaro partners with Bajaj Auto for EV battery recycling solutions

Lithium-ion battery recycling company RecycleKaro today said it has partnered with automotive manufacturing giant Bajaj Auto.

Under the partnership, Recyclekaro will employ its cutting-edge Hydrometallurgy technology to recycle end-of-life batteries from Bajaj Auto vehicles.

The innovative Hydrometallurgy technology allows for the recovery of an astounding 95% of high-purity battery raw materials like cobalt, lithium, nickel and manganese, which can then be repurposed to manufacture new batteries.

Aiming for a circular economy with strategic partnership

According to the company’s statement, The partnership will enable recycling of an estimated 500 metric tonnes of end-of-life batteries annually, marking a substantial step towards minimizing battery waste and optimizing resource utilization.

The company said the initiative aligns seamlessly with global sustainability objectives and the principles of a circular economy, ensuring that the materials from used batteries are not only recovered but also re-enter the manufacturing cycle, thereby reducing the need for new raw materials. 

Addressing the challenges of battery disposal in the EV market

RecycleKaro’s Founder and director, Rajesh Gupta, emphasises the urgency of addressing the escalating challenge of battery waste in the rapidly growing Electric Vehicle (EV) market.

He stated, “As the EV market continues to grow rapidly, we are witnessing a significant surge in battery waste, which demands our attention. Leveraging our battery recycling expertise, our commitment is to support Bajaj Auto in their dedication to the circular economy and drive progress in the EV industry. Embracing the circular economy is not just essential; it’s imperative. Through the recycling of these end-of-life batteries, we’re not only reducing waste but also reshaping resource utilization for a sustainable future. This marks a significant stride toward net zero targets.”

Scaling up to meet future recycling needs

RecycleKaro operates India’s largest zero-waste, lithium-ion battery recycling facility, located in Palghar, near Mumbai, and spread across 17 acres.

The company claims that its facility, which is equipped with a Solvent extraction system, ensures safe and efficient processing, achieving over 90% metal extraction efficiency with purity above 99% from scrap batteries. 

Currently, It is handling 2500 metric tonnes of lithium-ion batteries and 7500 metric tonnes of electronic waste and plans to expand its capacity to 50,000 metric tonnes by 2025.

Also Read:

Ecommerce logistics solutions platform Shiprocket raises funding from McKinsey: Report

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Password manager makers want to let you securely transfer...

The FIDO Alliance, the organization that’s helping shepherd...

Threads can now show you when people in your...

Meta is adding an “activity status” to Threads...

Crypto market matured ‘dramatically’ in 2024: Coinbase

Range-bound price action shouldn’t obscure the fast progress...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!