LICO and Sanvaru partner for lithium-ion battery recycling

LICO Materials and Sanvaru Technology have announced a partnership to address the recycling of lithium-ion batteries. Mumbai-based LICO Materials is a subsidiary of Epsilon Advanced Materials Pvt Ltd, specializes in recycling and refurbishing lithium-ion batteries, while Sanvaru Technology provides renewable energy and Lithium-Ion Battery Storage solutions (BESS). This collaboration aims to enhance the sustainability of the electric mobility sector by addressing challenges in battery material recycling.

Sanvaru Technology will provide end-of-life lithium-ion batteries for recycling through its agreement with LICO Materials. LICO Materials will then recover critical minerals from these batteries and supply them back to battery manufacturers. This partnership supports India’s goal of reducing reliance on imported critical minerals, which include lithium, cobalt, nickel, and graphite, and contributes to the country’s economic development and national security.

LICO Materials operates a lithium-ion battery recycling and refurbishing plant in Navi Mumbai, Maharashtra and is developing another facility in Bengaluru, Karnataka with a combined capacity of 4 GWh per year. Sanvaru Technology will contribute 450 MWh capacity over the next three years.

Gaurav Dolwani, CEO of LICO Materials, said, “Joining forces with Sanvaru Technology marks a significant step toward achieving our shared vision of a circular economy for batteries. By recycling and refurbishing end-of-life batteries, we are not only contributing to the responsible use of critical materials such as lithium, cobalt, manganese, and nickel to be given back to battery manufacturers to give the materials a second life but also addressing the growing need for sustainable practices in the battery industry.”

A K Shukla, MD of Sanvaru Technology, said, “The partnership with LICO Materials aligns with our commitment to environmental stewardship. By supplying end-of-life batteries for recycling, we are actively participating in the creation of a closed-loop system, ensuring the responsible management of resources and contributing to a cleaner, greener future.”

Also read: Lithium-ion battery end-of-life management | Chat with Gaurav Dolwani – CEO, LICO