Battery circularity company PeakAmp has announced a partnership with Chargeup, a financial and technology platform for last-mile electric vehicle drivers in India, to jointly manage the lifecycle of EV battery packs. The deal was announced on March 23, 2026, from Gurugram, and marks a step toward building a more structured supply chain for used EV batteries in the country.
Under the arrangement, PeakAmp will serve as a technical partner to Chargeup, handling the procurement, testing, grading, repurposing, and recycling of battery packs that arise from Chargeup's battery financing operations. The collaboration is designed to bring greater structure to battery management from the point of deployment through to end of life, with the two companies combining their respective capabilities in operations and data technology.
A central component of the tie-up is Chargeup's battery passport — a digital record that tracks a battery's health, usage history, and material composition in real time. The system provides tamper-proof data on a battery's state of health, enabling PeakAmp's recycling partners to determine, with greater precision, whether a unit should be repurposed for a second-life application or sent for material recovery. The companies say this eliminates the need for manual testing processes, which tend to be slow, inconsistent, and difficult to audit at scale. Beyond recycling decisions, the passport also supports compliance monitoring and performance optimisation across the battery's operational life.
"As battery leasing models scale across India, building a robust framework for lifecycle management becomes critical," said Aditya Sudhanshu, Co-Founder and COO of PeakAmp. "This partnership with Chargeup allows us to bring together on-ground execution and technology-led traceability to ensure batteries are efficiently managed across their lifecycle, from deployment to second-life use and eventual recycling."
Satish Mittal, Co-Founder and Chief Digital Officer at Chargeup, said the partnership was aimed at extending battery life to reduce carbon emissions and align with India's green mobility targets. "This partnership unlocks data-backed transparency across the battery lifecycle, empowering on-the-go analysis to pinpoint repurpose and recycle value with precision," he said.
The partnership arrives as India's electric vehicle sector continues to expand at a considerable pace, particularly in last-mile delivery and passenger transport — segments that have seen rapid electrification driven by government incentives, rising fuel costs, and the economics of fleet ownership. India has set targets to electrify a significant share of its vehicle fleet by 2030, and electric three-wheelers, in particular, have emerged as one of the higher-volume segments.
That growth, however, has created a parallel challenge: an accumulating stock of used and degraded EV batteries. Unlike conventional lead-acid batteries, which have long-established recycling pathways, lithium-ion battery packs used in electric vehicles require more complex handling. They contain materials such as lithium, cobalt, nickel, and manganese that carry both economic value and environmental risk if not properly managed. India currently lacks the infrastructure, data systems, and institutional frameworks to handle this volume at scale, and the gap is expected to widen as EV adoption deepens.
It is in this context that the PeakAmp-Chargeup collaboration positions itself. By integrating Chargeup's IoT-enabled battery data with PeakAmp's physical processing and recycling network, the two companies aim to build a traceable, data-driven pipeline that can support both second-life deployment and responsible material recovery.
PeakAmp, which is seed-funded, describes itself as building India's first full-stack solution for end-of-life EV battery management, with operations spanning safe collection, repurposing for secondary applications, and high-purity recovery of battery materials. Chargeup, meanwhile, operates a platform that integrates financing, IoT, and fleet performance data for electric vehicle drivers and connects them with lenders, OEMs, and dealers. The company has previously piloted its battery passport programme, and the latest partnership builds directly on that work, extending the passport's utility into the post-use phase of a battery's life.
Taken together, the two companies are betting that combining real-time operational data with structured end-of-life processing can address one of the less visible but increasingly pressing infrastructure gaps in India's electric mobility transition.