Metastable Materials, a Bengaluru-based startup specializing in lithium-ion battery recycling, intends to enhance its operations by establishing a new factory within the next two years. Employing a chemical-free technology, the company extracts valuable materials such as copper, cobalt, nickel, and lithium from used batteries, boasting a recovery rate exceeding 90%. Founded in October 2021, the current Bangalore facility can extract 5 tonnes of materials daily. With plans for expansion, the company aims to address the escalating demand for sustainable battery recycling solutions. Investment details for the new factory remain undisclosed.
Metastable Materials Plans Expansion of Battery Recycling Capacity
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