India and EU looking for EV battery recycling startups

11 April 2024 10:42


New Delhi - India and the European Union are cooperating on supporting startups and small to medium-sized enterprises that recycle electric vehicle batteries and associated technologies. The EU-India Trade and Technology Council has issued a call for proposals for a matchmaking session to help new firms grow. April 30 is the deadline to submit.

India's electric vehicle battery recycling market is expected to grow from 2 gigawatts last year to 128 gigawatts by 2030. That means leaders must find ways to reuse and recycle EV technologies in the country’s massive, growing economy.

In a call for proposals, the Delegation of the European Union to India and the Indian government’s Principal Scientific Adviser invited budding EU-based and Indian firms to pitch their EV battery recycling ideas to the EU-India Trade and Technology Council, an EU announcement explained.

The program will help firms understand the Indian market in EV batteries and waste management, validate their solutions, and meet stakeholders like solution users and clients, entrepreneurs, policymakers, and others. India's EV battery recycling market is expected to grow from 2 gigawatts last year to 128 gigawatts by 2030. 

“Our objective is to harmonize efforts with EU innovators to jointly develop battery recycling solutions that drive industry expansion,” said Principal Scientific Adviser to the Government of India Ajay Kumar Sood in a press release published on April 9. “We are dedicated to fostering a collaborative environment where sustainability and innovation form the cornerstone of a flourishing circular economy.”

A total of twelve companies – six Indian and six European – will be selected to present at a matchmaking event. Six of those 12 will also visit EV recycling facilities in India. Firms can submit their applications online. April 30 is the deadline to submit.

"The match-making event is a step ahead to unlock innovative possibilities leading to a green and circular economy,” said Marc Lemaître, director-general for research and innovation at the European Commission. ce/jd

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