Altigreen And LOHUM Join Hands For Recycling EV Batteries
Modified On Jul 21, 2023 06:31 PM
LOHUM will now recycle end-of-life batteries from Altigreen electric vehicles with the help of its patented NEETM recycling technology. Here are the details:
Altigreen and LOHUM, an energy solutions company have joined hands to form a strategic partnership which aims to address the challenges of battery disposal in the commercial-grade electric mobility sector. Under this new partnership, LOHUM will recycle end-of-life batteries that are used in Altigreen electric cargo three-wheelers.
According to LOHUM, the company will use its NEETM battery recycling technology to recover almost 95 percent of battery raw materials which can then be used for the manufacturing of new batteries. Their battery recycling technology is also said to reduce dependency on mining for battery minerals.
Moreover, the partnership between Altigreen and LOHUM will enable LOHUM to recycle about 1 Gigawatt hour (GWh) of Altigreen electric vehicle batteries over the span of the upcoming three years, which will result in the utilisation of resources and bring in a reduction in battery waste.
Related Link: Magenta Partners With Altigreen And Exponent To Deploy 15-Minute Rapid-Charging EV Fleet
Altigreen And LOHUM Comments:
Dr Amitabh Saran, Founder and CEO of Altigreen, said, "This partnership will enable us to responsibly manage the end-of-life batteries from our electric vehicles, reducing waste and minimising the environmental impact of our operations.”
Rajat Verma, Founder and CEO of LOHUM, commented, “Through our battery recycling expertise, we aim to support Altigreen in their commitment to circular economy practices and contribute to the overall growth of the EV industry.”
Impact Of Altigreen And LOHUM:
With the electric vehicle market booming, the demand for batteries has also surged in the past couple of years, resulting in an increase in battery waste. Hence, the need for effective battery management and recycling solutions has become the priority of companies such as Altigreen and LOHUM.
In this regard, Altigreen and LOHUM have formed an innovative framework that reduces battery waste that helps them meet recycling targets. The partnership forms a shared mission to build a low-carbon future and actively contribute to the EV industry.
Furthermore, Altigreen has a wide range of cargo movement-based EV products which lean towards a sustainable future thanks to being zero-emission-based vehicles. These include the Altigreen neEV TEZ, High Deck and Low Deck electric three-wheelers. Therefore, as a company, Altigreen is headed in the right direction to meet its sustainability targets.
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