Que: What is LICO Materials showcasing at Bharat Mobility Global Expo 2025?

Ans: We are showcasing both of our key business segments—recycling and refurbishing. On the recycling side, we have products on display that demonstrate the different metals extracted during our process. On the refurbishment side, we are showcasing two different energy storage packs. One of these has been repurposed from a used electric car battery and second from an electric two-wheeler battery, which we have converted into an energy storage system integrated with a solar panel. This system is also connected to a charger that can charge smaller electric vehicles like two-wheelers and three-wheelers.

Que: How are LICO Materials' solutions aligned with India's energy storage goals?

Ans: India is moving towards battery energy storage systems, and we aim to play a significant role in this transition. Many of the batteries we receive from the mobility sector have good potential and can have their lifespan extended for use in energy storage applications. Since India does not produce its own battery cells and depends on imports, it makes sense to maximize the usability of these batteries before sending them for recycling.

Que: How is LICO Materials contributing to creating a sustainable, circular economy in lithium-ion batteries?

Ans: Our approach focuses on extending battery life through energy storage applications. Once a battery reaches the end of its secondary life, we ensure that our recycling processes can extract battery-grade pure metals. This is crucial because only materials of the highest purity can be reintegrated into new battery production. We also collaborate with global partners to ensure that the materials we process contribute to the manufacturing of new battery cells.

Que: What are the main challenges you have faced in the battery recycling industry so far?

Ans: One of the biggest challenges is the lack of an organized market. The battery recycling industry in India still operates largely in the informal sector, which presents difficulties in regulation and efficiency. Another major challenge is the absence of dedicated collection centers where used batteries can be accumulated. As recyclers, we have to collect batteries from various locations across the country and transport them to our facility, which is both inefficient and expensive. Safety is another key concern, as handling and transporting used batteries requires strict precautions. However, as the industry matures, we are confident that these challenges will be addressed.

Que: What key technologies has LICO Materials implemented to enhance the efficiency and effectiveness of its recycling processes?

Ans: Our mechanical separation process, which we use in our Bangalore plant, is our own proprietary technology. Additionally, we are setting up a hydrometallurgy plant, which is expected to be operational by next year. This plant will incorporate proven large-scale commercial recycling technology from our global partners. We work closely with OEMs, battery manufacturers, and battery pack producers. We also collaborate with vehicle OEMs and import batteries, while working with cell manufacturers to recycle production scrap.

Que: Does LICO Materials have any selection criteria for choosing batteries for repurposing?

Ans: At our facility, we have the capability to repurpose or recycle any type of battery, regardless of its chemistry. However, for repurposing, we follow a strict testing protocol to determine whether a battery is suitable for reuse. Only after passing a series of stringent tests, we decide whether a battery can be repurposed or needs to for recycling.

Que: How does LICO Materials envision the future of battery recycling in India?

Ans: Battery recycling in India is still in its early stages. However, as the industry grows, we expect it to mature significantly in the coming years. Currently, companies are still developing their own approaches and best practices. Over the next three to five years, we anticipate that India will have a well-established battery recycling ecosystem, contributing to a sustainable circular economy.