GreenTech is a clean-energy startup focused on battery recycling, extracting lithium, cobalt, nickel, and manganese from spent lithium-ion batteries using a low-energy hydrometallurgy process that leaves no hazardous waste. Its pilot plant currently processes 500 tonnes of battery scrap per year and has recorded monthly sales of ₹1.2 crore from selling recovered metals, recycling contracts with EV makers, and carbon credits. The company plans to scale capacity to 5,000 tonnes annually by the end of 2026 and to erect smaller regional facilities in Tamil Nadu and Gujarat. Management expects to break even by mid-FY27 with targeted profit margins of 25 percent and projects revenue of ₹250 crore within three years. Roughly 70 percent of its present plant capacity is secured under three-year contracts running through 2027. The business benefits from supportive Indian regulations that mandate local sourcing of 30 percent battery materials by 2026 and provide subsidies for recycling plants. GreenTech holds temporary patents on its separation process, giving it a technical moat against local recyclers and incoming foreign competitors.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2026