Electric vehicle manufacturing firm, Omega Seiki Mobility (Omega Seiki) on Tuesday announced it has signed an agreement with Attero, India's largest lithium-ion battery recycling company, for recycling its electric vehicle batteries.
As part of the strategic partnership, Attero will recycle over 100MWh of EV batteries in the next 3-4 years. Beyond the domestic market, Omega Seiki and Attero will also cover ASEAN and Africa regions.
"With EV production on the rise, it is becoming critical for India to have a sustainable approach to recycle lithium-ion batteries. The improper disposal of Li-ion batteries is not only an environmental threat but also a wasted opportunity to extract rare materials," said Nitin Gupta, Co-founder and CEO of Attero.
With over 10,000 Omega Seiki Mobility electric vehicles currently in operation, the latest collaboration with Attero will play a key role in repurposing batteries into energy storage solutions.
Omega Seiki said it plans to deploy EV batteries total of over 1 GWh in the next five years, accompanied by a collective target with Attero to recycle over 100MWh of batteries in the next 3-4 years.
Attero can currently process 11,000 metric tonnes of battery waste annually, and this capacity is slated to increase to 15,000 metric tonnes by next month, Omega Seiki said in a statement.