Indo National Ltd (INL), known for its Nippo batteries, is venturing into the electric vehicle (EV) battery sector and battery recycling.
The company is actively exploring investment opportunities and potential partnerships with start-ups in these areas, with a focus on EV battery management systems and charging infrastructure.
Strategic Partnerships and Investments
Pavan Kumar BVS, Chief Operating Officer of INL, stated that the company is open to investing or forming strategic partnerships with start-ups in the EV space.
Currently, INL is in discussions with three start-ups: two in Series A funding and one at the pre-seed stage.
These start-ups are developing advanced technologies related to EV battery management and charging solutions.
INL is considering a range of approaches to grow its presence in the sector, including direct investments and joint ventures.
Kumar explained, “Start-ups are excellent at prototyping and product innovation, while we have the infrastructure to scale, commercialize, and distribute products through our extensive network.”
By combining start-up innovation with INL’s manufacturing expertise, the company aims to bring new products to market.
Focus on Battery Recycling and E-Waste Management
In addition to its EV battery ventures, INL is exploring opportunities in battery recycling and e-waste management.
The company is looking to partner with both Indian and international companies that have advanced recycling technologies.
Currently, INL is in talks with two Indian start-ups and established players in Australia and Singapore.
As a local partner, INL intends to provide distribution and logistics support in India. Kumar emphasized that one of the key challenges in battery recycling is the collection process.
To address this, INL plans to leverage its distribution network to create efficient reverse logistics systems for collecting used batteries and e-waste.
Potential for Valuable By-Products and Growth
Battery recycling presents significant opportunities for generating valuable by-products, including materials that can be repurposed as fertilizers, chemicals, or paints.
Moreover, valuable materials like zinc, which is commonly used in zinc-carbon batteries, can be recycled and reused in manufacturing.
Kumar highlighted the lucrative potential of zinc recycling, noting that prices for zinc can reach $2,900 per tonne and increase by 10-15% annually.
A Sustainable Future
Kumar said that the initiatives are part of INL’s broader strategy to build a sustainable business model while tapping into the rapidly growing EV and recycling markets.
As reported newsonprojects.com, by expanding into these sectors, Indo National Ltd aims to generate new revenue streams and strengthen its position in the evolving battery industry.
