Lithium-ion Battery Recycling Opportunity in India

India’s lithium-ion battery (LIB) recycling sector is pivotal for the nation’s energy security. The country’s current reliance on imports (75% of lithium and key materials) exposes it to price volatility. In contrast, recycling offers cost savings of 4–6x compared to virgin materials and cuts emissions by 75%. End-of-life battery waste is set to surge 6x by 2030 and 50x by 2035, far exceeding projected capacity addition. By 2030, India’s LIB demand will reach 127 GWh, with recycling potentially meeting 40% of domestic lithium needs. Scalable, tech-driven recycling infrastructure, via OEM partnerships, presents a high-margin opportunity for investors, aligning with the nation’s clean energy and circular economy goals.