Mobec Innovation, India's first full-range service provider for customizable B2B mobile EV charging solutions and energy storage systems, has announced a strategic pivot in its expansion plans. The company is now focusing on forging strategic partnerships to revolutionize the recycling of lithium batteries, a critical step towards supporting India’s Net Zero mission.
Mobec's strategic partnership model dovetails with a collaborative and scalable approach to address India’s need for a comprehensive framework for establishing and operating advanced lithium battery recycling facilities. This aims to address the critical need for sustainable recycling solutions that minimise environmental impact and maximise resource recovery, especially for rare metals. With this, strategic partners gain access to Mobec's proprietary technologies, proven processes, and comprehensive and extensive support system, enabling them to efficiently and profitably recycle batteries from various sources.
Additionally, the company announced its first strategic partner in Greater Noida, a key industrial hub in India, marking the initiation of a pan-India drive.
Harry Bajaj, Founder and CEO of Mobec Innovation, "The surge in lithium-ion battery use presents both an opportunity and a challenge. Our strategic partnership model offers a powerful, collaborative approach for organisations capitalising on the burgeoning green economy while significantly contributing to environmental sustainability. Our first Strategic Partnership is the beginning of a new era in this $13 bn industry opportunity.”
In the initial few quarters, Mobec shall aim at capacity building while ensuring the interests of all stakeholders remain positive and sustainable, both financially and environmentally. "Together, we can create a cleaner, greener future for India while building thriving, sustainable businesses," Bajaj added.
This will also help develop best practices for long-term industry benefit. Mobec is also in advanced talks with several other potential strategic partners in key locations, indicating a strong interest in its sustainable business model.
Currently, Mobec is focusing on consumer electronics, electric vehicles (EVs), energy storage systems (ESS), and industrial equipment, as these key sectors are expected to generate significant battery waste. Within this focus, the company is also prioritizing advancements in ESS, lithium battery recycling, and power backup generators, laying the groundwork for upcoming expansion initiatives aimed at scaling plant operations and accelerating the circular economy.
