Commercial cargo electric vehicle (EV) maker Altigreen has announced its partnership with LOHUM, India's largest producer of sustainable energy transition materials, to address the critical challenge of sustainable battery disposal in the EV industry.
LOHUM as an Extended Producer Responsibility (EPR) partner registered under India's Battery Waste Management Rules (BWMR 2022), will enable Alitgreen to seamlessly meet these targets.
Under this partnership, LOHUM will recycle end-of-life batteries from Altigreen EVs via its NEETM technology, recovering 95% of high-purity battery raw materials that can be used to manufacture new batteries. The partnership will enable LOHUM to recycle 1GWh of Altigreen EV cargo vehicle batteries over the next three years, significantly reducing battery waste and efficiently utilising resources.
Dr Amitabh Saran, Founder and CEO, Altigreen, said, 'This partnership will enable us to responsibly manage the end-of-life batteries from our EVs, reducing waste and minimising the environmental impact of our operations.'
Rajat Verma, Founder and CEO, LOHUM, said, 'Through our battery recycling expertise, we aim to support Altigreen in their commitment to circular economy practices and contribute to the overall growth of the EV industry.'
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