EU-India Trade and Tech Council Hosts Start-Up Event to Boost EV Battery Recycling

By siliconindia  |  Saturday, 22 June 2024, 09:27:07 AM IST

EU-India Trade and Tech Council Hosts Start-Up Event to Boost EV Battery Recycling
The European Union-India Trade and Technology Council (TTC) Working Group 2 organized a start-up matchmaking event that featured twelve high-impact solution providers specializing in battery recycling technologies for electric vehicles.
Following a call for Expressions of Interest, an independent committee of experts from both sides shortlisted these twelve start-ups through a rigorous process based on scientific merit, market readiness, and cooperation potential. This initiative, as stated in the media release, aligns with the EU and India's commitment to promoting a sustainable agenda, fostering innovation, and strengthening economic relations between the European Union and India.
The event offered the startups/SMEs an exclusive platform to pitch their innovative technologies. Start-ups operating across the battery recycling value chain, covering collection to valuable mineral extraction that participated in the matchmaking event included Lohum, LW3 Pvt Ltd., BatX Energies, Evergreen Lithium Recycling Pvt Ltd., Metastable Materials Pvt Ltd., CENALL Waste Management LLP, from the Indian side along with the startups from EU member states viz. Alterity, Ecomet Refining, Eneris, Primobius, RockTech, and Tozero.
The matchmaking event commenced with opening remarks from H.E. Saurabh Kumar, Ambassador of India to Belgium, Luxembourg, and the European Union and H.E. Herve Delphin, Ambassador of the European Union Delegation to India. This was followed by remarks from Professor Ajay Kumar Sood, the Principal Scientific Adviser to the Government of India, and Marc Lemaitre, Director-General for Research and Innovation at the European Commission, the release added.
As the next step, three start-ups from the EU and three from India will be awarded the opportunity to visit each other's regions for a week-long market immersion experience. During their visits, the selected companies will engage directly with interested stakeholders, explore potential collaborations, and gain insights into the local market landscape. This visit offers prospects for establishing pilot projects, commercial opportunities, and co-development initiatives.
“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. We believe that the exchange trip, awarded to three Indian and three EU start-ups, to visit EV battery recycling facilities on either side would be highly beneficial. It will enhance their insights and access to the EV landscape and ecosystems in both regions”, said Professor Ajay Kumar Sood, Principal Scientific Adviser to the Government of India.
Marc Lemaitre, Director-General for Research and Innovation at the European Commission, emphasised the importance of an innovation-led EU India partnership. “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”.

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