EU and India Collaborate to Promote Start-ups on EV Battery Recycling

The European Union (EU) and India have initiated an Expression of Interest (EoI) for startups focusing on Battery Recycling Technologies for Electric Vehicles (EVs), aiming to facilitate a matchmaking event. The objective is to foster collaboration between European and Indian Small and Medium-sized Enterprises (SMEs) and startups in the clean and green technology sector. This endeavor, conducted under the India-EU Trade & Technology Council (TTC) established on April 25, 2022, in New Delhi, seeks to promote the exchange of knowledge and expertise to advance the circularity of rare materials and promote the transition towards carbon neutrality in both India and the EU.

This event contributes to a wider initiative aimed at advancing a sustainable agenda, stimulating innovation, and strengthening economic ties between the European Union and India.

The launch of the Expression of Interest (EoI) for the Matchmaking Event offers a platform for startups and SMEs from India and the EU specializing in EV Battery Recycling Technologies. They can showcase their innovative solutions and interact with venture capitalists and solution adopters from both regions. Twelve innovators, evenly split between India and the EU, will be chosen to pitch at the June 2024 event. Following their presentations, six finalists (three from each region) will earn the opportunity to visit either India or the EU.

The key highlights are: 

(i) to identify, support, and promote startups/SMEs dedicated to advancing the field of battery recycling technologies for EVs.

(ii) to facilitate cooperation, explore potential trade avenues, deepen customer relations, and explore investment avenues for the shortlisted startups/SMEs.

The Matchmaking Event, hosted by the India-EU TTC Working Group 2, presents a unique opportunity for Indian startups/SMEs to showcase their proficiency in battery recycling technologies. It enables Indian innovators to form strategic partnerships with EU counterparts, hastening the advancement of advanced battery recycling methods with a focus on waste reduction and resource sustainability.

“Our objective is to harmonize efforts with EU innovators to jointly develop battery recycling solutions that drive industry expansion. We are dedicated to fostering a collaborative environment where sustainability and innovation form the cornerstone of a flourishing circular economy”, said Professor Ajay Kumar Sood, Principal Scientific Adviser to the Government of India.

"The match-making event is a step ahead to unlock innovative possibilities leading to a green and circular economy. We encourage innovators from the EU to seize this opportunity and explore potential collaborations with their Indian counterparts", said Mr. Marc Lemaître, Director-General for Research and Innovation at the European Commission, emphasizing the need for collaboration dedicated to the EV Battery Recycling industry.

Startups and SMEs from India and the EU who are interested are encouraged to submit their Expressions of Interest (EoI) by April 30, 2024.

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