Monday, September 16, 2024

EU and India team Up for battery recycling matchmaking

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Flags of the EU and India | Representative Image | climate.ec.europa.eu

Representative Image | climate.ec.europa.eu

The India-European Union Trade and Technology Council (TTC) is all set to host the ‘Matchmaking Event 2024’ to enhance the cooperation between the battery recycling sectors of both the countries, a PIB press release stated.

As a part of the initiative, 12 high-impact startups from the battery recycling value chain, including Lohum, LW3 Pvt Ltd., BatX Energies, and Evergreen Lithium Recycling Pvt Ltd. from the Indian side, and Alterity, Ecomet Refining, Eneris, Primodius, RockTech, and Tozero from the EU member states will have the opportunity to present their innovative technologies during the event. The purpose of the ‘Matchmaking Event 2024’ is to provide an opportunity to the start-ups to interact with each other and explore potential collaborations in the field of green technologies, particularly in the rapidly growing EV sector.

The event will also include key interventions from the government officials and industry representatives to highlight the importance of promoting innovation and cooperation in the field of green technologies. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, said, “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.”

Mr. Marc Lemaitre, Director-General for Research and Innovation at the European Commission, said, “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.”

As a part of the next step of the initiative, three start-ups from each country will be given the opportunity to visit the EU and India, respectively, for a week-long market immersion experience. During their visit, the three selected companies will have the chance to interact with other stakeholders, explore potential collaborations, and gain insights into the local market landscape.

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