Omega Seiki Private Limited (OSPL), a prominent figure in the electric vehicle industry, and Attero, a distinguished leader in e-waste management and lithium-ion battery recycling, have signed an MoU that marks a significant leap for the electric vehicle sector and lithium-ion battery recycling.
With over 10,000 electric vehicles already deployed by Omega Seiki, Attero will play a key role in repurposing their batteries for energy storage to address the complete lifecycle of EV components and ensure responsible EV battery solutions. Omega Seiki plans to deploy EV batteries totaling over 1 GWH in the next 5 years, accompanied by a collective target with Attero to recycle over 100 MWh of batteries in the next 3-4 years, emphasising their dedication to sustainable practices and environmental stewardship.
Attero's cutting-edge facility has a formidable capacity to process 1,45,000 metric tonnes of e-waste and 11,000 metric tonnes of battery waste annually, which it plans to scale up to 15,000 metric tonnes by February 2024. This robust capacity is a crucial element in tackling the environmental challenges associated with the escalating production and disposal of electric vehicle components.
Uday Narang, Founder and Chairman, Omega Seiki Private Limited, stated, "In the pursuit of excellence and sustainability, waste management holds a pivotal role in shaping the trajectory of Omega Seiki Private Limited. Through our collaboration with Attero, we reaffirm our dedication to environmental stewardship, aiming not only to propel advancements in EV technology but also to set industry benchmarks in conscientious battery waste management."
This strategic alliance between OSPL and Attero extends beyond India, encompassing the ASEAN and African regions. They aspire to contribute to a cleaner and greener future globally, setting new standards for sustainable practices and conscientious e-waste management in the electric vehicle sector.
Nitin Gupta, Chief Executive Officer and Co-Founder, Attero, commented, "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 Li-ion battery recycling is not only an environmental threat but also a wasted opportunity to extract rare materials. At Attero, we extract battery-grade metals like cobalt, lithium carbonate, graphite, etc. with 98 percent efficiency utilising our innovative, globally patented, and world-class technology, contributing to the carbon-positive circular economy."
