Metastable Materials, a startup specializing in recycling lithium-ion batteries using advanced technology, has secured seed funding from Surge, Sequoia Capital India, and Southeast Asia’s rapid scale-up program. The funding round also involved Speciale Invest, Theia Ventures, and several individual investors, although the exact amount raised remains undisclosed.
Addressing the Growing Demand for Battery Recycling
As the demand for lithium-ion (Li-ion) batteries continues to surge, fueled by the rise of electric vehicles (EVs) and renewable energy solutions, the need for efficient battery recycling processes becomes paramount. Currently valued at $4.6 billion, the Li-ion battery recycling industry is projected to expand significantly by 2030.
Shubham Vishvakarma, founder of Metastable, emphasizes the importance of sustainable recycling practices in ensuring a greener future. He highlights the finite nature of natural resources and the critical role of efficient, scalable, and environmentally friendly recycling methods in achieving sustainability goals.
Overcoming Existing Challenges in Battery Recycling
Existing methods of Li-ion battery recycling encounter logistical and operational challenges, including transportation costs and safety concerns due to the flammability of lithium. Moreover, the complex extraction process requires substantial investments in facilities and engineering, making large-scale recycling economically challenging for many companies.
To tackle these obstacles, Metastable has introduced an innovative chemical-free Integrated Carbothermal Reduction process. This technology enables the efficient extraction of valuable metals such as copper, aluminum, cobalt, nickel, and lithium from batteries while significantly reducing capital and operational costs. With a recovery rate exceeding 90%, this process represents a groundbreaking advancement in battery recycling efficiency.
Pioneering Sustainable Solutions
Vishvakarma expresses pride in Metastable’s contribution to a sustainable future. By ensuring a stable supply of metals for EV battery manufacturing and setting new standards for metal recycling, the startup aims to drive technological innovations that combat climate change effectively.
Metastable is also addressing safety concerns associated with battery transportation by developing heat-resistant packaging solutions. These solutions meet international standards and minimize the risk of fire during battery transportation, enhancing safety across the recycling supply chain.
Scaling Operations for Impact
With the support of the recent funding, Metastable is expanding its battery recycling capabilities. The startup has established a facility in Bengaluru capable of processing up to 1,500 tonnes of material annually, catering to a significant portion of India’s Li-ion battery recycling demand. The funding will primarily be allocated to hiring staff to bolster manufacturing, industrial engineering, supply chain management, and daily operations, further advancing Metastable’s mission of revolutionizing battery recycling for a sustainable future.
