Attero to invest Rs 150 Cr to scale e-waste, copper recycling, and R&D infrastructure
Attero's three new e-waste plants will have a capacity of 25,000 tonnes per annum, while its copper recycling unit will add another 25,000 tonnes, bringing the total capacity to 100,000 tonnes per annum.
E-waste recycling firm Attero on Wednesday said it will invest Rs 150 crore to expand its recycling capabilities and research and development (R&D) centres.
This includes new e-waste recycling plants in Pune, Bengaluru, and Faridabad, a copper recycling plant in Reengus, Rajasthan, and an R&D Centre of Excellence in Greater Noida.
According to Nitin Gupta, Co-founder and CEO of Attero, the company has already surpassed its current e-waste capacity. These new facilities will enable the company to tap into the rising demand in the market from both customers and suppliers, he told YourStory.
The three new e-waste plants have a capacity of 25,000 tonnes per annum each, adding 75,000 tonnes of processing capacity. The copper recycling unit in Reengus will add another 25,000 tonnes, bringing Attero’s total planned capacity additions to 100,000 tonnes per annum.
All these facilities will be operational by the end of this financial year, Gupta said. The startup is using a combination of its internal cash accruals and debt to finance the setting up of these facilities.
Attero’s e-waste vertical—its biggest in terms of top-line contribution—grew 70% annually, Gupta told YourStory. The startup's lithium and battery recycling business grew 3X YoY, while its rare earth business grew 100X compared to last year.
The startup's rare earth recycling vertical was able to cash in on the growing discussions on these critical materials after China imposed export restrictions, rendering automotive companies and other industries defenceless against their dependence on China.
“From a revenue perspective, today, the largest contributor is electronic waste, followed by lithium and battery recycling, and the smallest being rare earth. However, from a growth perspective, the rare earth vertical is growing the fastest, followed by battery recycling and then e-waste,” Gupta said.
The rising demand for its recycling solutions has also helped the startup continue its profitability trajectory. In terms of revenue growth, Gupta said Attero's topline has seen almost a 100% increase in revenue for FY25 compared to FY24, when it reported about Rs 440 crore. The company is expecting similar growth in FY26.
Edited by Suman Singh