Electronic waste and battery recycling company, Attero has announced plans to invest around Rs 8,300 crore in the next five years to ramp up its capacity. The investment will include debt, equity and non-diluted forms of capital. The company is growing 100 percent year-on-year (YoY), and is increasing capacity in a gradual way.

At present, the company has the capacity to recycle up to 1,44,000 tonne of electronic waste (e-waste) and 15,000 tonne of lithium-ion battery annually.

In India, it is building a greenfield facility, and is in the process of finalising the space in Andhra Pradesh or Jharkhand. With this, its e-waste (recycling) capacity will be around 4,15,000 tpa, while battery (recycling) capacity will broadly reach around 50,000 tpa in a year. The company has set a target to cross USD two billion, about Rs 16,500 crore revenue by 2027. A greenfield facility is also coming up in Poland, where work has already started.

The company clocked a revenue o Rs 440 crore in FY24, and expects to cross Rs 1,000 crore in revenue this FY. It claims to have the lowest opex in the world. Attero has a 25 percent market share, which could grow to 35 percent next year.