The India-European Union Commerce and Know-how Council (TTC) Working Group 2 on Friday held a pivotal start-up matchmaking occasion aimed toward advancing battery recycling applied sciences for electrical automobiles (EVs).
In response to a press launch, the occasion, which happened in New Delhi, featured twelve promising start-ups from each India and the EU, reflecting a shared dedication to innovation, sustainability, and stronger financial ties between the 2 areas.
The matchmaking occasion kicked off with opening remarks from Saurabh Kumar, Ambassador of India to Belgium, Luxembourg, and the European Union, and Herve Delphin, Ambassador of the European Union Delegation to India.
Their addresses underscored the significance of collaborative efforts in expertise and sustainability. Following them, Prof. Ajay Kumar Sood, the Principal Scientific Adviser to the Authorities of India, and Marc Lemaitre, Director-Basic for Analysis and Innovation on the European Fee, delivered keynote speeches emphasizing the importance of innovation-led partnerships.
Prof. Sood highlighted the occasion as a vital platform for the change of concepts and potential investments.
He famous, “This Matchmaking occasion at the moment brings collectively one of the best abilities and applied sciences within the battery recycling area on each side, giving them an unique platform for change, networking and potential investments. We imagine that the change journey, awarded to 3 Indian and three EU start-ups, to go to EV battery recycling services on both aspect can be extremely useful. It would improve their insights and entry to the EV panorama and ecosystems in each areas.”
Lemaitre, alternatively, emphasised the environmental advantages and the strategic significance of the initiative.
“Each step in the direction of superior battery recycling is a big carbon-win for our surroundings. This matchmaking occasion is such a step by bringing collectively progressive startups from each areas that wish to scale up inexperienced options beneath the umbrella of the EU-India Commerce and Know-how Council.” he mentioned.
The occasion featured start-ups and small to medium enterprises (SMEs) from throughout the battery recycling worth chain, encompassing actions from assortment to the extraction of precious minerals.
The chosen Indian start-ups included Lohum, LW3 , BatX Energies, Evergreen Lithium Recycling, Metastable Supplies, and CENALL Waste Administration LLP.
Representing the EU have been Alterity, Ecomet Refining, Eneris, Primobius, RockTech, and Tozero.
A big end result of the occasion was the announcement of an change journey for 3 start-ups from either side. These chosen corporations will have interaction in a week-long market immersion expertise, permitting them to straight work together with stakeholders, discover collaboration alternatives, and achieve insights into the native market dynamics of the respective areas.
The India-EU Commerce and Know-how Council (TTC) was first introduced in April 2022 by European Fee President Ursula von der Leyen and Indian Prime Minister Narendra Modi.
Formally established on February 6, 2023, the TTC serves as a strategic coordination mechanism designed to handle challenges on the intersection of commerce, expertise, and safety.
It goals to deepen cooperation and guarantee safety, prosperity, and sustainable improvement primarily based on shared values.
Since its inception, the TTC has considerably boosted bilateral commerce between India and the EU, which hit a file excessive of 120 billion euros in items traded in 2022. The commerce of digital services and products between the 2 areas amounted to 17 billion euros in the identical 12 months.
The TTC is organized into three working teams.
Working Group 1 focuses on Strategic Applied sciences, Digital Governance, and Digital Connectivity; Working Group 2 on Inexperienced and Clear Power Applied sciences; and Working Group 3 on Commerce, Funding, and Resilient Worth Chains.
Right now’s matchmaking occasion is a key initiative beneath Working Group 2, co-chaired by the Workplace of the Principal Scientific Adviser to the Authorities of India and the Directorate-Basic for Analysis and Innovation of the European Fee.
