Altigreen join hands with Lohum for recycling EV batteries
To solve the crucial issue of sustainable battery disposal in the
electric vehicle
sector, Altigreen, a producer of electric three-wheelers, has signed a strategic agreement with Lohum, a top provider of sustainable energy transition materials.The partnership intends to minimise the carbon footprint of Altigreen's electric vehicles while promoting ethical and sustainable practices within the electric mobility industry.
The collaborators will create a cutting-edge framework for fulfilling Alitgreen's goals for ethical battery recycling and disposal. Alitgreen will be able to easily accomplish these objectives thanks to Lohum, an Extended Producer Responsibility (EPR) partner recognised under India's Battery Waste Management Rules (BWMR 2022).
In accordance with this cooperation, Lohum will recycle Altigreen electric vehicle end-of-life batteries using its 'NEETM' technology, recovering 95% of high-purity battery raw materials that may be utilised to create new batteries. Over the next three years, the cooperation will allow it to recycle 1 GWh of Altigreen EV freight vehicle batteries, significantly reducing battery waste and maximising resource use.
Founder and CEO of Altigreen, Dr. Amitabh Saran, stated, "At Altigreen, we believe that sustainability is at the heart of our purpose. Through this agreement, we will be able to manage our electric car batteries properly, limiting waste and the environmental effect of our operations.
"We are thrilled to work with Altigreen Propulsion Labs, a company that shares our vision for a greener and more sustainable future," stated Rajat Verma, the founder and CEO of Lohum. We want to assist Altigreen in its dedication to circular economy principles and boost the general expansion of the EV sector with our experience in battery recycling.