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GreenTech Secures ₹30 Crore Seed Funding for Battery Recycling Expansion

ENERGY STORAGE

GreenTech has secured ₹30 crore in seed funding from domestic venture capital firms and angel investors, valuing the startup at ₹120 crore. The funding will enhance product development and expand operations, aiming for a processing capacity of 5,000 tonnes of lithium-ion batteries by 2026 while targeting a break-even point by FY27 with projected revenues of ₹250 crore. Investors are optimistic due to the company's high gross margins and strong government support for green technologies amid India's escalating battery waste challenge.

GreenTech Secures ₹30 Crore Seed Funding for Battery Recycling Expansion
Jan 15, 2026, 6:22 AM

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