Championing Global
Battery Renewal
for EVs and energy solutions.
Challenges
Growing Demand
Batteries store energy in Electric vehicles. Globally, over 34 million EVs are expected to be sold by 2030. In addition, the consumer electronics battery market is projected to hit $60.3 billion by 2030, with a 3.7% CAGR from 2022 to 2030. The growing demand for electric vehicles (EVs) is putting a strain on the supply of battery materials, such as lithium.
Lithium Scarcity
The availability of most metals (especially Cobalt and Lithium, estimated to be depleted within 30 to 70 years) present in lithium-ion batteries is limited. This scarcity increases electric vehicle costs, hindering their adoption in major markets.
Battery Disposal Crisis
Growing demand for batteries causes a global surge in discarded volumes of batteries. In the US, 4 billion batteries are discarded annually, equivalent to 86,000 metric tons of CO2 emissions.
A staggering 5 billion lithium-ion batteries from cell phones were discarded in India in 2022.
Solution
Our solution, through battery reuse and recycling and collaboration with battery recycling companies in India, empowers the energy storage industry to curtail the demand for fresh lithium-ion battery materials, effectively mitigating the environmental toll of mining, lithium extraction, and fossil fuel usage. This approach simultaneously drives down battery costs and facilitates the global transition towards sustainable energy solutions. Battery recycling companies in India play a vital role in this movement, contributing to the responsible management of discarded batteries.
Our Core Services
Commitment
Global Battery Alliance
Enabling a Productive and safe second life use while ensuring the circular recovery of battery materials, with a focus on our partnerships with battery recycling companies in India.
Paris Agreement
Recycling electric vehicle (EV) batteries that yield high levels of waste in terms of volume, value, and environmental impact is a commitment that extends to our cooperation with battery recycling companies in India.
COP 27
Batteries are a true essential enabling technology for net zero emissions because they are critical in integrating renewables into the electrical grid. We’re driving this essential aspect of sustainable energy with battery recycling companies in India.
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Partner with us
Join us in establishing a circular supply chain for a sustainable world, advancing global conservation, and effectively combating climate change through collaboration with battery recycling companies in India.
FAQ
The recycling process of lithium ion batteries is crucial in India to reduce the need for mining new resources, enhance supply security, and protect the environment.
Prominent players in battery recycling in India include Renovar Labs, which focuses on sustainability and advanced recycling solutions.
The lithium-ion battery recycling process in India involves the collection, logistics, handling, safe destruction, and metal recovery offered by companies like Renovar Labs.
Recycling lithium-ion batteries helps minimise ecological pollution by preventing hazardous materials like lithium, cobalt, and nickel from harming the environment.
Renovar Labs is one of the leading lithium ion battery recycling companies in India, offering a comprehensive and transparent recycling process.
Renovar Labs contributes to a sustainable future by expanding its recycling capacity and meeting the growing demand for lithium-ion battery recycling, enabling a carbon-positive circular economy.
Renovar Labs stands out with its focus on advanced lithium-ion battery recycling solutions, contributing to sustainability and environmentally responsible practices.
Yes, India has various recycling companies, each specialising in different materials. We focus on lithium-ion battery recycling, while other companies handle diverse waste recycling processes.
