On Feb 6, Omega Seiki Private Ltd (OSPL) announced that it had signed an agreement with Attero to recycle lithium-ion batteries. The collaboration between OSPL and e-waste management firm Attero aims to recycle over 100 MWh of batteries within the next 3-4 years, covering the ASEAN, African and domestic markets.
At present, Attero is capable of processing 1,45,000 metric tonnes of e-waste and 11,000 metric tonnes of battery waste annually. This capacity is set to increase to 15,000 metric tonnes by next month.
With over 10,000 OSM (Omega Seiki Mobility) brand electric vehicles in use, Attero will play a key role in repurposing the batteries for energy storage, aligning with the efforts of both entities to ensure responsible EV battery solutions.
According to OSPL, it plans to deploy EV batteries totalling over 1 GWH in the next five years, in conjunction with Attero's collective target to recycle over 100 MWh of batteries in the next 3-4 years.
Nitin Gupta, Co-founder and Chief Executive Officer of Attero, emphasized the importance of a sustainable approach to recycling lithium-ion batteries, stating that "The improper disposal of Li-ion battery recycling is an environmental threat and a wasted opportunity to extract rare materials."