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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.
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