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Omega Seiki Private Ltd (OSPL) has reached a deal with Attero to recycle lithium-ion batteries. OSPL, in conjunction with e-waste management firm Attero, expects to recycle over 100MWh of batteries over the next 3-4 years, According to a statement by OSPL. It stated that, in addition to the domestic market, the strategic cooperation between OSPL and Attero will encompass the ASEAN and African regions.
With over 10,000 OSM (Omega Seiki Mobility) brand electric vehicles in operation, Attero will play a key role in repurposing the batteries for energy storage, aligning with both entities' efforts to address the entire lifecycle of EV components and ensure responsible EV battery solutions, according to the statement.
According to OSPL, Attero currently has a facility capable of processing 1,45,000 metric tonnes (MT) of e-waste and 11,000 MT of battery waste annually. This capacity is slated to increase to 15,000 MT by the next month.
The company said it plans to deploy EV batteries totalling over 1 GWH in the next five years, and it and Attero have a collective target of recycling over 100 MWh of batteries in the next 3-4 years.
"With EV production on the rise, it is becoming critical for India to have a sustainable approach to recycling lithium-ion batteries. The improper disposal of Lithium-Ion battery recycling is not only an environmental threat but also a wasted opportunity to extract rare materials," said Nitin Gupta, Co-founder and Chief Executive Officer of Attero.
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