Mobec Innovation secures strategic partner to advance lithium battery recycling in India – EQ
In Short : Mobec Innovation has secured a strategic partner in Greater Noida to enhance lithium battery recycling in India. This partnership aims to meet the growing demand for sustainable solutions in the electric vehicle (EV) and energy storage sectors. By recovering valuable materials like lithium, cobalt, and nickel, Mobec supports India’s Net Zero mission and promotes a circular economy.
In Detail : Mobec Innovation has announced its first strategic partner in Greater Noida, India, to transform lithium battery recycling. This expansion plan includes this strategic move to provide business partners full access to established procedures as well as support systems and proprietary technological capabilities. The alliance will provide India with a detailed framework to create and operate lithium battery recycling operations which recover batteries from multiple sources efficiently and profitably.
Vision for a sustainable industry
Harry Bajaj, Founder and CEO, said, “Our strategic partnership model offers a powerful, collaborative approach for organisations looking to capitalise on the burgeoning green economy while making a significant contribution to environmental sustainability. Our first strategic partnership is the beginning of a new era in this $13 bn industry opportunity.”
A number of other possible strategic partners in strategic areas are also in early discussions with Mobec, demonstrating a keen interest in its sustainable business strategy.
Targeting high-waste sectors
The major industries with large battery waste output are now the focus of Mobec’s business operations, which include consumer electronics, electric vehicles, energy storage systems and industrial equipment. The company establishes priorities for power backup generators alongside lithium battery recycling and ESS to create foundations for future operational expansion projects in the circular economy.
