RecycleKaro Partners With Bajaj Auto For EV Battery Recycling
RecycleKaro, a lithium-ion battery recycling player, has partnered with Bajaj Auto, a global leader in the automotive manufacturer space, for the recycling of lithium-ion batteries. Under this partnership, Recyclekaro will employ its Hydrometallurgy technology to recycle end-of-life batteries from Bajaj Auto vehicles.
The innovative Hydrometallurgy technology allows for the recovery of around 95 per cent 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.
RecycleKaro's Founder & Director, Rajesh Gupta, commented on the partnership, stating, "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 a zero-waste, lithium-ion battery recycling facility in Palghar, near Mumbai, spanning 17 acres. Achieving over 90 per cent metal extraction efficiency with purity above 99 per cent from scrap batteries, the plant currently handles 2500 metric tonnes of lithium-ion batteries and 7500 metric tonnes of electronic waste. The company plans to expand to 50,000 metric tonnes by 2025.
