Omega Seiki signs MoU with Attero for recycling of EV batteries

Omega Seiki and Attero have signed an MoU for the recycling of EV batteries, where Attero will repurpose Omega Seiki's batteries for energy storage.

Omega Seiki plans to deploy EV batteries totalling over 1 GWH in the next 5 years, accompanied by a collective target with Attero to recycle over 100 MWh of batteries in the next 3-4 years, stated the press release.  This strategic alliance between OSPL and Attero extends beyond India, encompassing the ASEAN and African regions.

Attero’s cutting-edge facility can process 1,45,000 metric tons of E-Waste and 11,000 metric tons of Battery Waste annually which it plans to scale up to 15000 metric tonnes by February 2024.  

Uday Narang, Founder and Chairman of Omega Seiki  said, "Through our collaboration with Attero, we are aiming to not only propel advancements in EV technology but also to set industry benchmarks in conscientious battery waste management.”

Nitin Gupta, Chief Executive Officer and Co-founder of Attero said, "The improper disposal of Li-ion battery recycling is not only an environmental threat but also a wasted opportunity to extract rare materials."

Attero states it extracts battery-grade metals like cobalt, lithium carbonate, graphite, etc. with 98% efficiency.