Electronics waste recycling company and one of the world’s best lithium-ion battery recycling companies, Attero Recycling, has announced that it will be investing Rs 300 crore into lithium-ion recycling over the next nine months. The influx of funds will be utilised to ramp up the company’s lithium-ion battery recycling capacity to 11,000 metric tonnes. It currently has a lithium-ion battery recycling capacity of 1,000 metric tonnes per annum. Through this enhanced capacity, Attero aims to capture 22 per cent of the total potential market size by October 2022.
Attero has partnered with various car makers and electronic companies for the collection of end of the life batteries and recycling them. The company currently has a 90 per cent market share of automobiles and electronic OEMs.
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Attero Recycling has also partnered with MG Motor to reuse and recycle Li-ion batteries fitted in the brand’s ZS EV units.
