MLMML and Attero’s Partnership Targets Sustainable Recycling and Reuse of Lithium-Ion Batteries.
Mahindra Last Mile Mobility Limited (MLMML), a branch of the renowned Mahindra & Mahindra group, has recently forged a strategic alliance with Attero, a leader in the realms of lithium-ion battery recycling and electronic waste management. This collaboration is primarily geared towards enhancing the efficiency of electric vehicle (EV) battery recycling processes.
MLMML is distinguished in the electric vehicle industry for its comprehensive range of lithium-ion-powered electric 3-wheelers, including models like the Treo, Treo Plus, Treo Zor, Treo Yaari, and Zor Grand. The core objective of the partnership with Attero is to emphasize the sustainable recycling and reuse of lithium-ion batteries, as outlined in the company’s official statement.
Suman Mishra, the Managing Director and CEO of Mahindra Last Mile Mobility Limited, emphasized the significance of this alliance with Attero, highlighting it as a pivotal step towards achieving pollution-free transportation and fostering a more environmentally friendly future.
Echoing this sentiment, Nitin Gupta, the CEO and co-founder of Attero Recycling, elaborated on the company’s advanced recycling solutions, honed through years of expertise, that enable highly efficient recovery and recycling of electric vehicle batteries.
Established in 2008 by Rohan Gupta and Nitin Gupta, Attero Recycling has attracted significant investment from various institutional entities, including Draper Fisher Jurvetson, Granite Hill India Opportunity Ventures, Kalaari Capital, and the International Finance Corporation. The company has raised an impressive total of $30 million across four funding rounds, with the International Finance Corporation, a subsidiary of the World Bank, being one of the prominent investors. This financial support underlines Attero’s prominence and potential in the field of battery recycling.
