Thursday, July 25, 2024

Twelve start-ups join forces in India-EU collaboration on EV battery recycling – ET EnergyWorld

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New Delhi: In a significant move to boost sustainable technologies, the India-European Union Trade and Technology Council (TTC) Working Group 2 held a start-up matchmaking event focusing on Battery Recycling Technologies for Electric Vehicles.

Twelve start-ups were shortlisted following a call for Expression of Interest by an independent Committee of Experts from both sides. The selected companies, renowned for their scientific prowess, market readiness, and potential for collaboration, represent a major step in fulfilling the sustainable commitments and economic partnership goals between India and the EU.

The event provided a unique platform for start-ups and SMEs across the battery recycling value chain, from collection to mineral extraction. Participants included notable Indian and EU firms like Lohum, LW3 Pvt Ltd., BatX Energies, and Ecomet Refining among others.

The matchmaking event began with opening remarks from Saurabh Kumar, Ambassador of India to Belgium, Luxembourg, and the European Union, and Herve Delphin, Ambassador of the European Union Delegation to India. They introduced the proceedings which were further detailed by Professor Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, and Marc Lemaitre, Director-General for Research and Innovation at the European Commission.

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Professor Sood highlighted the importance of the event: “This Matchmaking event today brings together the best talents and technologies in the battery recycling space on both sides, giving them an exclusive platform for exchange, networking and prospective investments.”

Marc Lemaitre also underscored the significance of the initiative. “Every step towards advanced battery recycling is a significant carbon-win for our environment. This matchmaking event is such a step by bringing together innovative startups from both regions that want to scale up green solutions under the umbrella of the EU-India Trade and Technology Council.”

As a continuation of these efforts, three startups from each region will be given the chance to visit their counterparts’ facilities in India and the EU for a week-long market immersion. This will enable them to engage with key stakeholders, explore potential collaborations, and gain a deeper understanding of the local market conditions, potentially leading to pilot projects and commercial opportunities.

  • Published On Jun 21, 2024 at 04:20 PM IST

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