Top 10 EV Battery Recycling Startups In India In 2026
India’s electric vehicle revolution is gaining unprecedented momentum, with the country witnessing remarkable growth in EV adoption across two-wheelers, three-wheelers, and passenger vehicles. However, this transformation brings with it a critical challenge: managing the lifecycle of lithium-ion batteries that power these vehicles. As millions of EV batteries approach their end-of-life stage, India is facing an urgent need for sustainable recycling solutions. This challenge has given rise to an innovative ecosystem of battery recycling startups that are not just addressing environmental concerns but also creating a circular economy for critical minerals.
The Indian battery recycling market has demonstrated exceptional growth, reaching approximately USD 532 million in 2026 and projected to surge to nearly USD 2 billion by 2034 at an impressive compound annual growth rate of almost 18 percent. This growth significantly exceeds global averages, reflecting aggressive government policy support, rapid EV adoption, and emerging domestic recycling infrastructure. With the implementation of Battery Waste Management Rules in 2022 and subsequent amendments in 2025, India has established a comprehensive Extended Producer Responsibility framework that mandates manufacturers to ensure end-of-life collection, responsible handling, and recycling of battery waste.
The recycling ecosystem in India currently has the capacity to recycle approximately 60,000 tonnes of battery material yearly, with industry leaders working aggressively to scale operations. From this capacity, the industry produces about 3,000 tonnes of lithium carbonate annually, enough to power around 100,000 electric vehicles. As India strives for net-zero emissions by 2070, establishing an effective EV battery recycling ecosystem has become essential to achieving sustainable mobility. Here are the top 10 startups leading this green revolution in 2026.
1. Lohum Cleantech
Founded in 2018 and headquartered in Greater Noida, Lohum Cleantech has emerged as one of India’s most significant players in the battery recycling sector, commanding approximately 70 percent market share in the country. The company has developed cutting-edge technology and infrastructure capable of recycling and refining battery materials equivalent to powering over 50,000 electric vehicles annually. Lohum’s operations have achieved profitability even at scales as low as one gigawatt-hour, demonstrating the viability of their business model.
The company currently possesses an impressive processing capacity of approximately 20,000 tonnes per annum and has ambitious expansion plans to reach 50,000 tonnes by the end of 2026. Lohum has established key partnerships with global giants including Glencore for supplying specialty chemicals for EV batteries, Mercedes-Benz Energy in Asia for sourcing second-life battery modules, and a research alliance with IIT Kanpur focused on sustainability. The company has also expanded internationally with plans for a 3,000 tonne-per-annum plant in the United Arab Emirates.
Lohum utilizes advanced hydrometallurgical processes to recover critical minerals such as lithium, nickel, and cobalt from used batteries. The company has raised USD 127 million across 13 funding rounds from prominent investors including Baring Private Equity Partners, Cactus Venture Partners, and Singularity AMC. With annual revenue reported at approximately INR 835 crores as of March 2025, Lohum aims to recycle four million metric tons of batteries by 2026, solidifying its position as a leader in clean energy and circular economy solutions.
2. Attero Recycling
Established in 2007 by brothers Nitin Gupta and Rohan Gupta, Attero Recycling stands as India’s largest electronic asset management company and is globally recognized as one of the most advanced lithium-ion battery recycling enterprises. Based in Noida with operations in Uttarakhand, the company has positioned itself at the forefront of India’s e-waste recycling and battery recovery industry. Attero describes itself as urban miners, extracting valuable materials from electronic waste that would otherwise end up in landfills.
The company’s patented technology enables it to recover more than 98 percent of lithium carbonate, cobalt, nickel, and graphite from lithium-ion batteries. Attero currently operates a recycling capacity of approximately 17,500 tonnes per annum, with aggressive expansion plans underway. The company is establishing an additional processing plant in Telangana that will boost capacity to 19,500 tonnes, with further plans to reach 12,000 to 13,000 tonnes through new facilities.
Attero has secured partnerships with almost 90 percent of automobile original equipment manufacturers in India, including major players like MG Motors, Tata Motors, and Hyundai. The company reported revenues of INR 300 crores in the fiscal year 2023, demonstrating strong commercial traction. Having raised USD 31.1 million across three funding rounds from investors including IndoUS Venture Partners, IFC, and DFJ, Attero continues to invest heavily in research and development. The company announced plans for an INR 2,000 crore expansion for rare earth recycling over three years and has expressed intentions to list on Indian stock exchanges.
3. BatX Energies
Founded in 2020 by Utkarsh Singh and Vikrant Singh, BatX Energies is a Gurugram-based startup dedicated to advancing green technology solutions that facilitate the world’s transition to clean energy. The company specializes in developing advanced lithium-ion battery solutions while maintaining expertise in battery recycling, creating a comprehensive approach to the battery lifecycle. BatX has positioned itself as a key player in promoting circular economy principles and sustainability in the energy storage sector.
The company’s innovative approach combines battery manufacturing with recycling capabilities, allowing it to close the loop on battery materials. BatX recently secured USD 5 million in a stage funding round led by Zephyr Peacock, signaling strong investor confidence in its business model and growth potential. The startup emphasizes the value proposition of EV battery recycling by noting that recycling one electric vehicle car battery is equivalent to recycling 13,000 smartphone batteries, highlighting the significant impact of their work.
BatX Energies is developing technologies to maximize the extraction of valuable metals from lithium-ion batteries while minimizing environmental impact. The company’s dual focus on battery innovation and recycling positions it uniquely in the market, allowing it to understand both the creation and end-of-life challenges of energy storage systems. As India’s EV market expands, BatX is well-positioned to capture growing demand for sustainable battery solutions.
4. Exigo Recycling
Founded in 2012 by Raman Sharma and headquartered in Noida, Exigo Recycling Private Limited has established itself as a prominent player in electronic waste and lithium-ion battery recycling. Led by CEO A L N Rao, who serves as a council member of NITI Aayog, Exigo brings significant expertise and policy influence to the recycling sector. The company specializes in recycling and refurbishing lithium-ion batteries with a mission to build a circular economy for EV batteries.
Exigo currently operates with a capacity of approximately 7,200 tonnes per annum, but the company has announced ambitious expansion plans to scale up to 200,000 tonnes per annum, representing one of the most aggressive growth trajectories in the industry. The company collects used electric vehicle batteries from multiple sources including EV manufacturers, battery pack assemblers, and dealerships, employing environmentally friendly recycling methods that prioritize sustainability.
The company utilizes advanced mechanical and hydrometallurgical processes to demanufacture waste batteries into battery-grade materials. Exigo has implemented a spoke-and-hub model powered by low operational and capital expenditure, enabling high yield at low cost. Their production facility ensures zero carbon emissions and implements carbon offsetting through a Zero Liquid Discharge model. The company is authorized by State Pollution Boards and the Government of India to safely collect, transport, dismantle, segregate, and dispose of electronic waste, operating as a Producer Responsibility Organisation under Extended Producer Responsibility regulations.
5. RecycleKaro
RecycleKaro has emerged as one of India’s largest and most innovative recycling companies, investing 13 years of extensive research and development to develop proprietary technology capable of annually recycling 675 megawatt-hours and reusing 608 megawatt-hours of battery capacity. The company has positioned itself as a technology leader in the sector, focusing on extracting critical metals from old lithium-ion batteries with exceptional efficiency and purity.
The company’s advanced technology enables it to efficiently extract cobalt, nickel, and manganese from lithium-ion batteries with more than 90 percent efficiency and purity exceeding 99 percent. RecycleKaro currently operates facilities capable of handling more than 2,500 metric tonnes of battery waste and 7,500 metric tonnes of electronic waste annually. By 2025, the company planned to scale operations to handle up to 50,000 metric tonnes, demonstrating significant growth ambitions.
RecycleKaro serves major industry leaders including Bajaj Auto, Ather Energy, Hero MotoCorp, and Tata Motors, establishing itself as a trusted partner for original equipment manufacturers seeking responsible end-of-life battery management. Committed to sustainability, the company aims to prevent 350 metric tons of greenhouse gas emissions by 2026. The company’s comprehensive electronic waste recycling initiative encompasses a diverse range of devices, from computers and mobile phones to televisions and various appliances, using world-class technology to ensure environmental protection while recovering valuable materials.
6. Ziptrax Cleantech
Founded in 2017, Ziptrax Cleantech entered the battery recycling sector with a clear mission of promoting sustainable and clean energy solutions. The company specializes in developing innovative recycling solutions for lithium-ion batteries used in electric vehicles, along with various industrial batteries. Ziptrax has positioned itself as a technology-driven startup focused on maximizing material recovery while minimizing environmental impact.
According to company claims, Ziptrax’s proprietary recycling process can recover approximately 95 percent of important metals present in batteries, including lithium, cobalt, nickel, and manganese. This high recovery rate is crucial for creating a viable circular economy for battery materials. The company also works on repurposing discarded lithium-ion batteries from smartphones and other consumer electronics, recognizing that many of these batteries still retain 70 to 80 percent of their original capacity and can be given a second life in less demanding applications.
Ziptrax has participated in various industry forums and webinars, contributing to policy discussions around Extended Producer Responsibility guidelines, battery pack design improvements for easier refurbishment and recycling, and regulatory frameworks. The company’s focus on both environmental sustainability and economic viability positions it well to capitalize on India’s growing need for battery recycling infrastructure as electric vehicle adoption accelerates.
7. ACE Green Recycling
ACE Green Recycling Inc. has distinguished itself by bringing novel and emission-free recycling technologies to the Indian market. While the company initially focused on lead-acid battery recycling, which remains heavily used in India due to lower costs compared to lithium-ion batteries, ACE Green has expanded its capabilities to handle lithium-ion batteries as well. The company’s commitment to zero-emission recycling processes sets it apart in an industry where traditional smelting methods can be environmentally harmful.
In a significant development for 2026, ACE Green Recycling announced plans to establish India’s largest lithium iron phosphate battery recycling facility. The company aims to build 10,000 metric tons of LFP battery recycling capacity per year by 2026. ACE Green has finalized a lease agreement for a site in Mundra, Gujarat, strategically located near major ports that handle over 10 percent of India’s maritime cargo. This location significantly streamlines the transportation of battery recycling feedstock and off-take products.
The new facility builds on ACE Green’s existing Indian commercial operations, which have been recycling lithium-ion batteries, including LFP chemistry, since 2023. Unlike traditional high-heat smelting processes, ACE Green leverages electricity-powered machines to refine lead and other battery components from scrap batteries at their Ghaziabad facility. This approach demonstrates the company’s commitment to sustainable and eco-friendly recycling practices while ensuring efficient recovery of valuable materials.
8. Gravita India
Gravita India has established itself as a key player in converting scrap batteries into reusable raw materials while maintaining a strong focus on comprehensive electronic waste management. The company brings decades of experience in metal recycling and has successfully expanded its operations to address the growing challenge of lithium-ion battery waste. Gravita’s expertise in material processing and metal recovery has proven valuable as India’s battery recycling needs have grown.
The company provides digital platforms for battery lifecycle tracking and responsible recycling coordination, helping to create transparency in the recycling chain. This technological approach to recycling management allows stakeholders including manufacturers, consumers, and recyclers to track batteries from production through end-of-life processing. Gravita India’s integrated approach combines traditional metallurgical expertise with modern digital solutions to create efficient recycling operations.
Gravita India serves various industries beyond automotive, including telecommunications, energy storage, and consumer electronics. The company’s diversified approach to battery recycling allows it to handle multiple battery chemistries and form factors, creating economies of scale and reducing processing costs. As India’s Extended Producer Responsibility mandates become more stringent, Gravita India’s comprehensive tracking and recycling solutions position it well to serve manufacturers seeking compliance.
9. AIMS Energy Solutions
Founded in 2016 and based in Hyderabad, AIMS Energy Solutions Private Limited specializes in recycling and refurbishing lithium-ion batteries with a strong emphasis on eco-friendly practices. The company was established with a clear mission to encourage environmentally responsible practices and reduce the environmental impact of electric vehicles through responsible battery management. AIMS has focused on developing processes that minimize waste and maximize material recovery.
The company employs eco-friendly recycling methods that prioritize environmental protection throughout the recycling process. AIMS Energy Solutions works with electric vehicle manufacturers, battery pack assemblers, and other stakeholders to collect end-of-life batteries and battery modules. The company’s refurbishment capabilities allow it to extend the life of batteries that still retain significant capacity, creating value while reducing waste.
AIMS Energy Solutions represents the growing number of regional players contributing to India’s battery recycling ecosystem. While smaller in scale compared to industry giants like Lohum and Attero, companies like AIMS play crucial roles in building distributed recycling infrastructure across the country. Their presence in Hyderabad contributes to the development of battery recycling capabilities in southern India, complementing facilities in northern and western regions.
10. Green Li-ion
Green Li-ion has emerged as an innovative player in the battery recycling sector with its proprietary deep clean technology designed to fully rejuvenate lithium-ion batteries. The company positions itself as offering the world’s first technology capable of complete battery cathode rejuvenation, representing a significant advancement in battery lifecycle management. Green Li-ion’s approach focuses on extending battery life before final recycling, maximizing the value extracted from each battery.
The company claims its patented deep clean technology is cleaner, faster, and approximately four times more profitable than current lithium-ion battery recycling methods. Green Li-ion describes itself as solving an existential risk to the precious metals industry and the environment through its innovative approach. The technology enables full rejuvenation of battery cathodes, potentially allowing batteries to be returned to service multiple times before final recycling.
Green Li-ion’s focus on battery rejuvenation rather than immediate material recovery represents a complementary approach to traditional recycling. By extending battery life through deep cleaning and cathode restoration, the company helps delay the need for raw material extraction and processing. This approach aligns with circular economy principles by maximizing the use phase of batteries before they enter final recycling streams, potentially reducing overall environmental impact and creating additional economic value from existing battery assets.
The Road Ahead for Battery Recycling in India
India’s battery recycling industry stands at a pivotal moment in 2026, with established players scaling rapidly and new entrants bringing innovative technologies to market. The implementation of Battery Waste Management Rules with Extended Producer Responsibility mandates has created a regulatory framework that supports industry growth while ensuring environmental protection. Government initiatives including the INR 1,500 crore incentive scheme from the Ministry of Mines provide crucial financial support for recycling infrastructure development.
These startups face several key challenges as they scale operations. High capital investment requirements for advanced recycling plants, complex logistics for battery collection and transportation, technical difficulties in handling diverse battery chemistries, and competition for feedstock all present obstacles to growth. Additionally, the current shortage of end-of-life batteries from India’s relatively young EV fleet means many recyclers rely on electronic waste and imported battery scrap to maintain operations.
However, the future outlook remains exceptionally positive. As electric vehicle sales grow exponentially, the volume of batteries reaching end-of-life will increase dramatically, providing the feedstock necessary for recyclers to achieve economies of scale. Technological advancements in artificial intelligence and robotics for safe battery dismantling and material separation promise to improve efficiency and reduce costs. The integration of second-life battery applications before final recycling creates additional revenue streams and maximizes resource utilization.
India’s battery recycling startups are pioneering solutions that address both environmental imperatives and economic opportunities. By recovering critical minerals like lithium, cobalt, and nickel, these companies reduce India’s dependence on imports while preventing hazardous materials from entering landfills. The industry’s projected growth to nearly USD 2 billion by 2034 reflects both the scale of the challenge and the magnitude of the opportunity.
As these ten startups and their peers continue to innovate, invest, and expand, they are building the foundation for a truly circular battery economy in India. Their success will be crucial not only for India’s sustainable mobility goals but also for demonstrating viable models that other developing nations can adopt as they navigate their own electric vehicle transitions. The combination of entrepreneurial innovation, supportive government policies, and growing market demand positions India to become a global leader in battery recycling technology and operations.
