Six Companies Selected from Europe and India during Battery Recycling Technologies Matchmaking Event

Three start-ups each from European Union (EU) and India have emerged as winners of the Battery Recycling Technologies Matchmaking Event, organized under the EU-India Trade and Technology Council (TTC).

As part of their winnings, the six start-ups will embark on an all-expenses-paid market immersion experience in the EU and India, respectively. Funded by the EU, this week-long visit will enable them to connect with key stakeholders including government officials, visit battery recycling facilities, and explore pilot projects, commercial collaborations, and co-development initiatives. In addition, the co-chairs of the event have selected two more promising start-ups, Primobius(Germany) and Lohum(India), to join the winning cohort, enabling them to explore market access opportunities through trade and technology collaboration, however without financial assistance

Start-ups from the EU who will be visiting India in September

1. Ecomet Refining(Italy)- The company specializes in recovering and refining precious metals and critical raw materials from electronic waste, lithium-ion batteries, catalysts, and photovoltaic panels. Their innovative technology, based on a radical technical review of the TBRC (Top Blown Rotary Converter) oven, significantly reduces environmental impact and energy consumption by utilizing the energy contained in the waste itself.
2. Eneris(Poland)- Part of the Eneris Group, the company specializes in mechanically treating End of Life battery packs and production waste, generating valuable outputs like first-grade black mass from various technologies, including NMC, LFP, and LTO.
3. Tozero(Germany)- Tozero specializes in recovering critical materials from battery waste and reintegrating them into the battery supply chain. Their innovative hydrometallurgical process eliminates waste streams and significantly reduces CO2 emissions by avoiding strong acids and efficiently recovering high-quality graphite and lithium.
4. Primobius(Germany)- Primobius offers a competitive recycling solution for Li-ion batteries, accommodating various chemistries, formats, and types without prior full discharge. Their modular design, with throughputs of 750 kg/h or 1500 kg/h, covers end-to-end processes including shredding, beneficiation, and hydrometallurgy, supported by continuous innovation at their plant.

Start-ups from India who will be visiting EU in October

1. BatX Energies- BatX Energies uses advanced Hydro+Electro technology to recycle lithium-ion batteries, achieving high recovery rates and significantly reducing CO2 emissions. Over the past 18 months, they have recycled 2,500 metric tons of batteries, returning 2,000 metric tons of valuable materials to the supply chain and cutting greenhouse gas emissions by approximately 130,000 kg of CO2.
2. Evergreen Lithium Recycling Private Limited- The Company recycles all types of lithium-ion batteries, extracting critical metals like cobalt, lithium, manganese, and nickel. Their process reduces reuses metals from end-of-life batteries, supporting a circular economy.
3. LW3 Pvt. Ltd- LW3 is a seed-stage startup providing EV Battery Passport services using advanced non-cloneable physical IDs (QR Code, NFC) and inter-operable Layer 1 public blockchains powered by Decentralized Finance (De-Fi).
4. Lohum- LOHUM is India's largest producer of sustainable energy transition materials and a global leader outside China. With recycling, repurposing, and low-carbon refining technologies, the company dominates India's lithium-ion battery recycling sector, issuing over 70% of EPR certificates nationally. Serving 200+ global customers and suppliers like Mercedes-Benz Energy and Tata Motors, LOHUM sets standards in R4 category recycling.

This initiative aims to foster cross-border partnerships, provide valuable insights into local market dynamics, and drive innovation and growth in the battery recycling industry. By bridging the gap between the two ecosystems, the EU-India Trade and Technology Council seeks to promote mutual growth and development in the battery recycling industry.

India's Lithium-ion Battery Market size is currently valued at approximately € 52.1 Million in 2024 (projected to grow around € 1.4 Billion by 2030), and the EU market stands at around € 18.1 billion in 2022, projected to grow around € 86.8 Billion by 2032. While this presents an opportunity for companies to drive industry expansion in both the markets, it also necessitates cross-border innovation and collaboration. Recycling Li-ion batteries will help in reducing dependency on international imports, drive circularity of rare materials, and retain an independent value chain.

Background on the matchmaking event

Organized in a hybrid format by the EU and the Office of the Principal Scientific Adviser to the Government of India, under the aegis of the EU-India Trade and Technology Council (TTC) Working Group 2, the event provided a platform for start-ups and SMEs to showcase their innovative solutions to a global audience of venture capitalists and solution adopters.

Co-chaired by Mr. Marc Lemaitre, Director-General for Research and Innovation at the European Commission, and Professor Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, the WG2 focuses on Clean and Green Energy Technologies. The event hosted H.E. Mr. Herve Delphin, Ambassador of the European Union to India, and H.E. Mr. Saurabh Kumar, Ambassador of India to Belgium, Luxembourg, and the European Union (EU), including other honorary members of the EU & India Innovation Ecosystem.

The EU-India Trade and Technology Council (TTC), announced by Ms. Ursula von der Leyen, President of the European Commission, and Shri Narendra Modi, Prime Minister of India, was established on 6 February 2023. It serves as a platform for strategic engagement on trade and technology between the two partners. The matchmaking initiative represents a significant milestone in strengthening EU-India bilateral cooperation through science, research and innovation.

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