Attero to invest Rs 300 cr in battery recycling

Attero Recycling, India’s largest electronic waste recycling firm, has said it plans to invest Rs 300 crore in ramping up its lithium-ion battery recycling capacity to 11,000 metric tonnes per annum by October 2022 from its current capacity of 1,000 metric tonnes per annum.

According to Nitin Gupta, CEO and Co-founder of Attero Recycling, the company is in the process of increasing its e-Waste capacity through a franchisee model. Attero Recycling is already in process of setting up plants to recycle e-Waste at 14 other locations by the end of 2022, Gupta said.

He said the company is in the process to raise its capacity for recycling e-Waste by 1,56,000 metric tonnes per year through a total of 14 franchisees pan-India to 3 Lakh metric tonnes by end of 2022.

Attero Recycling caters to both Indian and global manufacturing majors across electronic and automobile segments, including Samsung, LG, Acer, Whirlpool, Oppo and Vivo, Toyota.

India, at present, generates over 50,000 tonnes of lithium-ion battery waste every year. Through this enhanced capacity, Attero Recycling envisions to capture 22 per cent of the total potential market size by October 2022.

Disclaimer: This article is taken from a press release