Mahindra Last Mile Mobility Limited (MLMML) and Attero have entered into a strategic collaboration with a focus on effective EV battery recycling.
MLMML, a well-known manufacturer of electric vehicles, offers a wide range of Li-ion electric 3-wheelers, including the Treo, Treo Plus, Treo Zor, Treo Yaari, and Zor Grand. According to the corporation, the relationship between MLMML and Attero is primarily focused on the sustainability and recycling/reuse of lithium-ion batteries.
Suman Mishra, MD and CEO of Mahindra Last Mile Mobility Limited, said, “Teaming up with Attero as a preferred partner for Li-ion battery disposal underscores our commitment to provide pollution-free transportation and drive towards a greener future.”
Nitin Gupta, CEO and co-founder of Attero Recycling, said, “The advanced solutions, backed by years of expertise, ensure that we can recover and recycle electric vehicle batteries with unmatched efficiency.”
Attero Recycling, founded in 2008 by Rohan and Nitin Gupta, has received significant assistance from institutional investors such as Draper Fisher Jurvetson, Granite Hill India Opportunity Ventures, Kalaari Capital, and the International Finance Corporation. The company has successfully raised $30 million in four rounds of fundraising, with noteworthy investors including the International Finance Corporation, the World Bank’s private investment arm.