Omega Seiki And Attero Forge Alliance For EV Battery Reuse And Life Cycle Management
Modified On Feb 07, 2024 12:06 PM
Omega Seiki and Attero have joined hands in a move signalling significant advancement in the electric vehicle sector and e-waste management for a sustainable future. Here are the details. Read on
Omega Seiki, a mobility solutions company, and Attero, an e-waste management and lithium-ion battery recycling company, have signed a memorandum of understanding (MoU). Under the partnership, Attero will play a key role in repurposing batteries of over 10,000 electric vehicles already deployed by Omega Seiki for energy storage.
Omega Seiki plans to deploy electric vehicle (EV) batteries totalling over 1 GWH in the next 5 years, accompanied by a collective target with Attero to recycle over 100 MWh of batteries in the next 3-4 years to address the complete lifecycle of EV components and ensure responsible EV battery solutions.
Attero’s cutting-edge facility can substantially process 1,45,000 metric tons of e-waste and 11,000 metric tons of battery waste annually. The company plans to scale up to 15,000 metric tonnes by February 2024. This ramp-up is aimed at solving the mounting environmental concerns surrounding electric vehicle production and disposal.
Omega Seiki Comments
Uday Narang, founder and chairman, Omega Seiki, said, “In the pursuit of sustainability, waste management holds a pivotal role in shaping the trajectory of Omega Seiki. Through our collaboration with Attero, we are aiming not only to propel advancements in EV technology but also to set industry benchmarks in battery waste management.”
Nitin Gupta, chief executive officer and co-founder of Attero, said, "With EV production on the rise, it is becoming critical for India to have a sustainable approach to recycling lithium-ion batteries. The improper disposal of Li-ion battery recycling is not only an environmental threat but also a wasted opportunity to extract rare materials.”
“At Attero, we extract battery-grade metals like cobalt, lithium carbonate, graphite etc. with 98 percent efficiency utilising our innovative, globally patented, and world-class technology, contributing to the carbon-positive circular economy. We believe that this partnership will play a significant role in shaping battery recycling in the future and fostering a more environmentally conscious and sustainable society,” He added.
More About The Alliance
This strategic alliance between Omega Seiki and Attero extends beyond India, encompassing the ASEAN and African regions. The two companies assert that they aspire to contribute to a cleaner and greener future globally, setting new standards for sustainable practices and conscientious e-waste management in the electric vehicle sector.
What We Think?
The collaboration between Omega Seiki Private Limited and Attero signifies a significant leap forward for sustainable practices in the electric vehicle industry. Omega Seiki and Attero could contribute significantly to a sustainable future by leveraging their technological expertise and commitment to recycling.