Omega Seiki Private Limited (OSPL), a prominent player in the electric vehicle (EV) industry, and Attero, a leading expert in e-waste management and lithium-ion battery recycling, have joined forces in a monumental move for both sectors. This Memorandum of Understanding (MoU) signifies a significant advancement in the realms of electric vehicles and lithium-ion battery recycling. With over 10,000 electric vehicles already in operation by Omega Seiki, Attero will play a pivotal role in repurposing their batteries for energy storage, underscoring the shared commitment of both entities to address the entire lifecycle of EV components and promote responsible EV battery solutions. Omega Seiki plans to deploy EV batteries totaling over 1 GWh in the next 5 years, with a collective target with Attero to recycle over 100 MWh of batteries in the next 3-4 years, highlighting their dedication to sustainable practices and environmental stewardship.
Attero boasts a cutting-edge facility with a formidable capacity to process 145,000 metric tons of e-waste and 11,000 metric tons of battery waste annually, with plans to scale up to 15,000 metric tonnes by February 2024. This robust capacity is instrumental in addressing the environmental challenges associated with the growing production and disposal of electric vehicle components. With over 45 granted global patents and more than 200 applied for, Attero leads the way in li-ion battery recycling and sustainable e-waste management.
Recognizing its pivotal role in shaping sustainable practices, OSPL has converted all its plants into green energy solar-powered facilities, ensuring that energy consumption aligns with the principles of Net Zero. OSPL’s commitment extends beyond its own operations, as it encourages suppliers to embrace sustainable practices and ensures the recycling of 100% of its waste, acknowledging the crucial role of waste management in fostering a sustainable and eco-friendly future.
Mr. Uday Narang, Founder and Chairman of Omega Seiki Private Limited, underscored the strategic significance of this collaboration, stating, “Waste management plays a pivotal role in shaping the trajectory of Omega Seiki Private Limited. Through our collaboration with Attero, we reaffirm our dedication to environmental stewardship, aiming to set industry benchmarks in conscientious battery waste management while propelling advancements in EV technology.”
This strategic alliance between OSPL and Attero extends its impact beyond India to encompass the ASEAN and African regions. Both companies 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.
Mr. Nitin Gupta, Chief Executive Officer & Co-Founder of Attero, expressed confidence in the partnership, stating, “With EV production on the rise, it is becoming critical for India to adopt a sustainable approach to recycling lithium-ion batteries. At Attero, we are excited to collaborate with Omega Seiki, and 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.”
The collaboration between Omega Seiki Private Limited and Attero represents a significant step forward in promoting sustainable practices within the electric vehicle industry. By leveraging their technological expertise and commitment to lithium-ion battery recycling, both companies are poised to make a meaningful contribution to addressing global environmental challenges.
