RecycleKaro, a sustainable, lithium-ion battery recycling firm, has announced a strategic partnership with Bajaj Auto for the recycling of lithium ion batteries.
Under this partnership, Recyclekaro will employ its cutting-edge Hydrometallurgy technology to recycle end-of-life batteries from Bajaj Auto vehicles. The Hydrometallurgy technology allows for the recovery of 95% of high-purity battery raw materials like cobalt, lithium, nickel and manganese, which can then be repurposed to manufacture new batteries.
The partnership is expected to recycle 500 metric tonnes of end-of-life batteries per annum, the press release claims.
RecycleKaro's Founder and Director, Rajesh Gupta said, "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 utilisation for a sustainable future. This marks a significant stride toward net zero targets."
RecycleKaro has established India's largest zero-waste, lithium-ion battery recycling facility in Palghar, near Mumbai, spanning 17 acres. Achieving over 90% metal extraction efficiency with purity above 99% from scrap batteries, the plant currently handles 2500 metric tonnes of lithium-ion batteries and 7500 metric tonnes of electronic waste. Plans are underway to expand to 50,000 metric tonnes by 2025, as per the press release.