Attero Recycling raises $3.3 Million in Series B financing round
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Bangalore: E-waste recycling company Attero Recycling has raised $3.3 million in Series B round led by Granite Hill India Opportunities Fund with participation from existing investors, IndoUS Venture Partners and Draper Fisher Juvertson. Incorporated in 2007, the company has raised $6.3 million from IndoUS Venture Partners and Draper Fisher Jurvetson in 2008. The Noida based company has developed a technology for extracting metals from e-waste. Attero plans to use the funds to further enhance the technology of their plant and strengthen their collection system. The company, which claims to have the capacity to recycle 36,000 tonnes of e-waste a year, has an automated facility for integrated e-waste recycling at Roorkee, Uttrakhand. It plans to expand to process a majority of the mixed metal e-waste generated in India. Attero, which means "waste" in Latin, has over 165 clients which include Wipro, HCL, Tata Tele Services, and Google. Nitin Gupta, CEO of Attero Recycling, said, "We hope that this funding round will enable us to strengthen our tie with the corporate sector and motivate them to give their e-waste to us for safe recycling."

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