Gurgaon-based lithium-ion battery solutions company BatX Energies has launched its ‘Buy Back Battery Programme’, which it says will take care of battery lifecycle solutions contributing towards a circular economy.
Batx Energies claims it is the only company in India, working on both lithium-ion battery manufacturing as well as lithium-Ion battery recycling. Under the new programme BatX Energies will take back batteries from the market and harvest the good cells from them, understanding the life and state of health of those cells and putting them back for stationary applications by developing lithium-ion batteries for inverters and solar storage batteries.
The company says it offers a 10% buyback cost to its clients (electric-rickshaw and electric-two-wheelers OEMs) who can further offer this as a value addition to their customers.
Batx says lithium-ion batteries are treated as waste after first-life application, but at the end of its life, an expert handling that meets the safety requirements set by law along with the right use of technology helps a lot of material to be recovered from these batteries and can be reused into the supply chain. BatX says it has the appropriate logistics networks for the safe transportation of lithium-ion batteries. The recycling of these batteries results in the reduction of energy consumption further reducing the wastage of natural resources also to make India self-sufficient with these battery recycling services by extracting scarce metals like cobalt, nickel, lithium and other materials to make India’s battery material supply chain stronger.
The start-up says it provide an innovative solution to fill this gap through in house developed recycling and resource recovery process which is capable of recovering lithium, nickel and cobalt upto 90 percent purity. Recycling these scarce elements back to battery manufacturing is key to reducing the environmental impacts of battery use throughout the life cycle. This programme is an initiative taken by BatX Energies post observing a need gap in the battery recycling industry and hence, launched a 360-degree cycle of making a green product – selling it and making the market greener and buying back the withered product in order to recycle it.
Vikrant Singh, co-founder and CTO, BatX Energies said, “Refurbishing of lithium-ion batteries will play an imperative role in the growth of electric transportation industry. At BatX Energies, we work together with our customers to build smart and sustainable solutions for ensuring the circulation of valuable materials and the removal of harmful substances from the material cycle and aim to solve the global problem of end-of-lifecycle of a lithium-ion battery. With our ‘Buy Back Battery Programme’, we create a secondary supply to meet the demand for critical battery materials through innovative recycling technology.”