Closing the loop in Battery Supply Chain
Today is Battery Day, a perfect moment to reflect on how batteries have become the backbone of modern life. From our phones and laptops to renewable grids and electric vehicles (EVs), batteries power our mobility, our cities, and our future. Yet, in powering this revolution, we face a new challenge: what happens once these batteries reach their end of life?
With battery demand projected to grow more than 40-fold by 2050 and early end-of-life volumes already emerging from commercial EV fleets, the country has a narrow window of opportunity to shape a circular battery economy. This will help address supply chain constraints and ensure progress toward India’s targets of 100% electrification of new vehicle sales by 2030, energy independence by 2047, and net-zero emissions by 2070. By 2050, implementing battery circularity practices could meet over 40% of India’s lithium, nickel, and cobalt needs and has the potential to create more than 106,000 direct green jobs.
Beyond emissions, battery recycling strengthens resource security, reduces dependence on virgin mining, and keeps critical minerals in circulation making sustainability not just an ambition, but a measurable outcome. By 2050, battery recycling in India is projected to prevent more than 2.9 million tonnes of CO₂ emissions, equivalent to taking 700,000 fossil fuel vehicles off Indian roads for a year.
At LICO Materials Private Limited, we focus on closing the loop in the battery ecosystem by giving batteries a second life. We recycle end-of-life lithium-ion batteries to recover lithium, nickel, and cobalt, and supply these materials back to battery manufacturers. We also repurpose batteries into battery energy storage systems that power hospitals, schools, cafés, and other facilities.
As EV adoption accelerates, recycling and repurposing must scale alongside manufacturing. Building domestic capability in battery material recovery and second-life deployment is essential to creating a sustainable energy transition. On Battery Day, we reaffirm our commitment to building a circular battery ecosystem where every battery is recovered, reused, and returned to the battery value chain responsibly.