India, EU Get Together to Promote Start-Ups Involved in E-Vehicle Battery Recycling

New Delhi: India and The European Union (EU) on Tuesday launched an Expression of Interest for start-ups working in the area of Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event, reported The Statesman.

The matchmaking aims to enhance the cooperation between European and Indian Small and Medium-sized Enterprises (SMEs) and start-ups in the clean and green technologies sector.

This initiative has been taken up under the India-EU Trade & Technology Council (TTC) announced by Prime Minister Narendra Modi and Ms Ursula von der Leyen, President of the European Commission, at their meeting in New Delhi in April 2022.

The Matchmaking Event launched on Tuesday, provides a platform for Indian and EU startups in the field of EV Battery Recycling Technologies to pitch their innovative solutions and engage with Indian/European venture capitalists and solution adopters.

Twelve startups, six each from India and the EU will be selected to get a pitching opportunity during the Matchmaking Event, scheduled during June 2024. Six finalists (three from the EU and three from India) will be selected following their pitching presentations and awarded the possibility to visit India and the EU, respectively.

“Our objective is to harmonize efforts with EU innovators to jointly develop battery recycling solutions that drive industry expansion. We are dedicated to fostering a collaborative environment where sustainability and innovation form the cornerstone of a flourishing circular economy,” said Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India.