Li-Ion Battery Recycling Plant
Investment Opportunity
- Akshat K Agarwal
Market Opportunity " Technology " Financials " Strategic Roadmap
Executive Summary: Our Vision
Proposed Facility Process & Products Market & Sales
5,00037,000 TPA Li-ion battery recycling Mechanical pre-processing + Domestic cathode/cell makers and OEMs
facility in India hydrometallurgy for battery-grade fulfilling EPR obligations
materials
Why Now? Policy & Market Tailwinds
PLI Scheme Budget 2025-26
Battery Waste Management
Rules 2022 ¹18,100 Cr allocated Import duty relief
50 GWh capacity incentivized Sector-specific subsidies
90% recovery by 2026-27
Domestic production focus Circular economy incentives
70-80% collection targets
EPR & penalties for non-
compliance
Key mandate: 20% recycled material in new batteries by 2030-31
Market Opportunity
30-& 600& <5%
Li-Ion CAGR 2030 Demand Current Capacity
Explosive market India's projected need Massive supply gap
growth
India will generate 59 GWh from EV recycling alone by 2030
Competitive Landscape
Company Capacity Technology Edge
Attero 15,000 TPA Hydromet 98% extraction, global
expansion
LOHUM 5 GWh (5X expansion) Hydro+Direct Battery-grade refinery,
90%+ share
Gravita Lead-acid base Transitioning Strong export network
Reliance/Tata Scaling Integrated Strong OEM integration
Our Differentiation
EPR-first approach + battery-grade output quality
Technology Assessment
Pyrometallurgy
Pros: Simple process, shorter procedure
Cons: Lithium/manganese loss, high energy use, emissions
Hydrometallurgy
Pros: Higher efficiency, better quality, less emissions
Cons: Complex, pre-treatment needed, higher capital cost
India's recycling market is increasingly favoring hydrometallurgy due to
its success in leading Asian battery recycling countries
Unit Economics: Capex & Opex
Capital Expenditure (5,000 TPA) Operating Expenses
Reagents (acids/alkalis)
$5.0M $1.0M Energy & labor
Maintenance
Equipment Installation/Civil Effluent handling
Assay/sampling
$2.0M $0.5M Taxes & compliance
Global benchmark: $1,500-4,000/ton
Technology/License Lab/R&D processed
Total: ~$8.5M (¹70-75 crore)
Feedstock & Offtake
Strategy
Feedstock Supply
EPR-backed OEM contracts
CPCB portal integration
Authorized collection network
Products & Offtake
Li¢CO£/LiOH
Ni/Co/Mn sulfates
Graphite
Offtake: Domestic refiners & PLI cell projects
Permitting, ESG & Incentives
Approvals ESG Impact Incentives
CPCB registration, SPCB CTE/CTO, CO¢e savings, safety protocols, ATEX Green finance, ESG credits, capital
Hazardous Waste Authorization zoning, CSR initiatives subsidies, SGST refunds
Strategic Partnerships
Key alliances to de-risk investments and ensure feedstock supply
EV Manufacturers
Direct access to end-of-life battery feedstock
Battery Makers
Technology insights and production scrap access
E-waste Aggregators
Consistent high-volume collection network
Potential JV Opportunities
4
Japanese/Korean technology partners for advanced
Technology Licensors hydrometallurgy
Cutting-edge recycling processes Strategic investors with global market access
Partnerships for R&D and new material development
Additional Partners
Mining companies Chemical processors Logistics firms
Location Advantage
Global Hydromet Benchmarks NCR-Rajasthan Corridor Benefits
Market adjacency
Li-Cycle (USA)
Within 100-150km of NCR OEM clusters
35,000 t/y, $1B capex
Industrial readiness
Tozero (Germany)
RIICO estates with utilities
10,000 t/y, battery-grade
Connectivity
Primobius DMIC node with WDFC/NH-48 logistics
Modular commercial hydromet
India's cost base + local fabrication can compress capex
relative to OECD builds
Timeframe & ROI
Timeframe Return on Investment
Initial capacity: 50% utilization Profitability linked to Co/Ni
3-5 years to reach 70-90% content
utilization Recycled materials reduce
Market maturity: 7-10 years input costs
Major expansion: 2027-2030 Diversification beyond
automotive
Premium pricing for closed-
loop
Financial Projections
15-25% Year 1 $7.50
$10.00
$2.50
EBITDA Margins
$14.00
With optimized operations Year 2 $10.00
$4.00
4-6
$18.00
Year 3 $12.50
$5.50
Years Payback $22.00
Year 4 $15.00
Accelerated by incentives $7.00
$26.00
$10M+ Year 5
$8.50
$17.50
Annual Revenue $0.00
Revenue ($M)
$10.00
Expenses ($M)
$20.00
Net Profit ($M)
$30.00
For 5,000 tons/year plant
Implementation Roadmap
12-15 Month Timeline to Operational Status
Q1: Planning
Site selection, permits, partnerships
Q2: Design
Technology licensing, equipment ordering
Q3: Construction
Civil works, utility connections
Q4: Installation
Equipment setup, control systems
Q5: Commissioning
Testing, training, initial operations
Strategic Impact
Long-term Positioning
Import Substitution
Backbone for EV and renewable
$2.5B Annual national savings
energy storage
Social Impact Circular Economy
Formal green jobs creation and skill ESG credits and CO¢ emissions
development reduction
Next Steps
Finalize Site Selection Secure OEM Partnerships
Targeting Ghiloth, Rajasthan 3 RIICO corridor For EPR compliance and feedstock supply
Lock Financial & Tech Partners Apply for CPCB/SPCB Permits
Exploring domestic and Korean JV options Initiate regulatory approval process
Target implementation: 2026-2027
