Strengthening India’s Battery Recycling Ecosystem through EU Collaboration
In a significant stride for India’s green technology sector, three Indian start-ups have been selected alongside three European counterparts in the Battery Recycling Technologies Matchmaking Event, organized by the EU-India Trade and Technology Council (TTC).
Winners and Opportunities
Indian start-ups, BatX Energies, Evergreen Lithium Recycling, LW3 Pvt. Ltd., and Lohum Cleantech, will embark on an immersive, all-expenses-paid week-long visit to the EU. This initiative aims to foster cross-border innovation, connecting these start-ups with European stakeholders, government officials, and industry leaders. It will allow them to explore battery recycling facilities, pilot projects, and potential commercial collaborations.
Similarly, European companies, including Ecomet Refining (Italy), Eneris (Poland), and Tozero (Germany), will visit India, opening avenues for mutual growth and development in the battery recycling industry.
Importance for India
India’s lithium-ion battery market, valued at approximately €52.1 million in 2024, is projected to grow to €1.4 billion by 2030. This rapid growth underscores the necessity for robust recycling solutions to reduce dependence on imports and support a circular economy.
Event Highlights
The matchmaking event, organized by the EU and the Principal Scientific Adviser to the Government of India, provided a global platform for showcasing innovative battery recycling solutions. Co-chaired by Mr. Marc Lemaitre and Professor Ajay Kumar Sood, the event highlighted the commitment of both regions to clean and green energy technologies.
Indian companies who won
BatX Energies: Specializes in sustainable recycling solutions for lithium-ion batteries, contributing to the reduction of electronic waste.
Evergreen Lithium Recycling: Focuses on environmentally friendly recycling processes, aiming to recover valuable materials from used batteries.
LW3 Pvt. Ltd.: Innovates in battery recycling technologies, striving for efficient resource recovery and minimal environmental impact.
Lohum Cleantech: A leader in lithium-ion battery recycling and reuse, working to make energy storage more sustainable.
Strategic Engagement
The EU-India TTC, established in February 2023, serves as a platform for strategic engagement on trade and technology between the two regions. This event marks a milestone in bilateral cooperation, promoting science, research, and innovation in battery recycling.
This collaborative effort not only strengthens India’s battery recycling capabilities but also sets a precedent for future EU-India partnerships in green technology. By bridging gaps and fostering innovation, both regions are poised to lead the way in sustainable energy solutions.
