LICO Materials, a company specializing in lithium-ion battery recycling and refurbishment, has inaugurated a state-of-the-art recycling facility in Bengaluru. The firm announced plans to invest ₹250 crore over the next two to three years to establish a downstream hydrometallurgy plant, aiming to strengthen India’s battery materials supply chain.
The Bengaluru facility, with an initial in-feed capacity of 4 GWh per year, is designed to ensure a stable supply of critical materials and supports India’s goal of achieving 30% electric vehicle (EV) adoption by 2030. LICO aims to scale this capacity to 10 GWh annually within the next three to four years. With India’s EV industry projected to grow by 250% and energy storage capacity expected to reach 42 GW by 2032, LICO underscores the importance of recycling used batteries to recover key minerals and advance the battery circular economy.
“This facility is a significant step in redefining lithium-ion battery recycling in India. As we expand, our goal is to address critical supply chain gaps, reduce dependency on imports, and drive India’s clean energy future,” said Gaurav Dolwani, CEO of LICO Materials.
The zero-liquid-discharge facility is capable of processing and repurposing 17,500 metric tonnes of used batteries annually. By 2027, the company plans to recycle batteries equivalent to 200,000 metric tonnes of electric car batteries each year.
LICO is also finalizing plans for its hydrometallurgy plant, which will recover high-purity metal salts from black mass, a key byproduct of battery recycling. These recovered materials will meet battery-grade standards and be supplied to gigafactories and energy storage systems, closing the loop in India’s battery materials supply chain.
LICO Materials is a prominent provider of innovative and sustainable solutions in the materials sector. Specializing in the development, manufacturing, and supply of advanced materials, LICO Materials serves a diverse range of industries including automotive, construction, electronics, and renewable energy. The company focuses on high-performance materials that contribute to energy efficiency, sustainability, and durability.
With a commitment to research and development, LICO Materials consistently pushes the boundaries of material science to offer cutting-edge solutions. Its products are designed to meet the evolving demands of the global market, ensuring that industries can achieve greater efficiency, reduced environmental impact, and long-lasting performance.
