Recyclekaro, a leading player in e-waste and lithium-ion battery recycling, has been granted eligibility under the Government of India’s Incentive Scheme for Promotion of Critical Mineral Recycling. The initiative, introduced by the Ministry of Mines as part of the National Critical Minerals Mission, is designed to strengthen domestic capabilities in recovering strategic materials essential for future industries.
As part of this development, Recyclekaro has committed an investment of approximately ₹300 crore to expand its recycling operations. The project, classified as a brownfield expansion under Beneficiary Category Group A, is expected to significantly enhance the company’s processing capacity to nearly 50,000 metric tonnes. This scale-up will enable the recovery of valuable materials from diverse waste streams, including spent lithium-ion batteries, electronic circuit waste, rare earth magnets, and used catalytic converters.
The expansion aligns with India’s broader push to build a resilient supply chain for critical minerals such as lithium and rare earth elements, which are vital for electric mobility, renewable energy systems, and advanced manufacturing technologies. By increasing domestic recovery capabilities, the project is expected to reduce reliance on imports while supporting the country’s long-term sustainability and energy security goals.
The initiative also reinforces the role of circular economy practices in addressing resource constraints. Through advanced recycling technologies, Recyclekaro aims to convert waste into high-value materials, enabling more efficient use of resources while minimizing environmental impact. This approach contributes to responsible waste management and supports India’s transition toward cleaner industrial processes.
Commenting on the development, Rajesh Gupta, Founder and Managing Director of Recyclekaro, highlighted the importance of the government’s policy framework in accelerating the sector’s growth. He noted that the recognition under the incentive scheme reflects the company’s long-standing efforts in building indigenous recycling technologies and scaling operations to meet future demand.
Over the past decade and a half, Recyclekaro has invested extensively in research and development, conducting numerous pilot-scale experiments to refine its processes. The company is now planning to invest more than ₹500 crore over the next five years in a new R&D facility dedicated to rare earth and critical mineral recovery. This facility is expected to be among the largest privately owned centers of its kind in India.
Recyclekaro collaborates with leading battery manufacturers, automakers, and renewable energy companies, including Bajaj Auto, Ather Energy, Hero MotoCorp, and Tata Motors. With over 1,350 completed projects and more than 1,200 collection touchpoints, Recyclekaro is a trusted industry partner, driving sustainable change in the sector.
