Metastable Materials, a deep-tech recycling company raises seed funding led by Surge, Sequoia Capital India and Southeast Asia’s scale-up program, which included participation from deep-tech VC Speciale Invest, Theia Ventures and other angels.
However, current recycling methods to extract and reuse metals from end-of-life Li-ion batteries are plagued by a myriad of challenges. Meeting these issues head on, Metastable has developed the chemical-free Integrated Carbothermal Reduction process for recycling and extracting valuable materials, such as copper, aluminium, cobalt, nickel and lithium from Li-ion batteries.
The technology used significantly reduces capital and operational expenditure in comparison to the conventional battery recycling practices.
"Natural resources are finite and our collective vision of a more sustainable future will depend on our ability to first recycle and second, to do so in a way that is cost efficient, scalable and environmentally friendly. We’re proud to be pioneering a solution that safeguards our future, from providing a sustainable supply of metals for the manufacture of EV batteries to setting new benchmarks for the way metals are recycled, paving the way for new technologies and innovations that will have the power to truly move the needle in fighting climate change,” said founder Shubham Vishvakarma.