Startup Atlas · Battery Recycling

Attero Recycling

Attero Recycling Private Limited Noida, Uttar Pradesh Founded 2008 attero.in ↗
Nitin Gupta · Co-Founder & CEO Rohan Gupta · Co-Founder & COO
$34.55 MnTotal funding (tracked)
4Funding rounds
29 Aug 2014Last round

Attero Recycling: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

High-yield metal extraction without mining

Chemical extraction (vs. smelting) recovers metals at high rates, positioning recovered material as an alternative to newly mined ore.

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"Green metals without mining the earth"

Positions recycled output as a sustainable substitute for newly mined battery/EV metals.

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End-to-end, environmentally-managed recycling

Covers electronic waste and biowaste recycling/upcycling under one integrated operation.

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Customer Segments

Consumer electronics & auto OEMs

Corporates needing e-waste/EPR compliance and battery take-back; named clients include Samsung Electronics and Hyundai Motor.

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Global metals/battery supply chain buyers

Recovered critical metals (lithium, cobalt, graphite, precious metals) sold onward into the battery and electronics supply chain.

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Corporates handing over e-waste (200+ tie-ups)

Companies contracting Attero to process their electronic waste under formal, zero-landfill recycling.

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Customer Relationships

MetalMandi — self-service B2B scrap-trading app

Attero's MetalMandi mobile/web app lets small scrap dealers and local businesses sell e-waste and metal scrap directly to Attero, with live AI-driven pricing, direct communication and reverse-logistics pickup, cutting out informal middlemen.

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Selsmart — direct-to-consumer takeback platformTarget: 60 cities by 2025

Selsmart is Attero's direct-to-consumer platform where individual consumers sell used appliances/electronics in three online steps with transparent valuation and doorstep pickup by Attero's own logistics team.

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Selsmart Community Collection — community outreach

A community-facing arm of Selsmart that partners with residential societies, educational institutions, businesses, NGOs and government bodies to run e-waste awareness and collection drives.

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Dedicated EPR consultation for corporate/OEM clients35+ collection centers

Corporate and OEM customers seeking EPR compliance can reach Attero through a dedicated "Free Consultation" enquiry form, backed by reverse-logistics collection from client premises via 35+ collection centers nationwide.

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Channels

Formalized consumer e-waste collection channel

Trains informal-sector workers and builds a consumer collection channel to divert e-waste into formal recycling.

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Direct corporate collection tie-ups

Direct contracts with 200+ companies for their e-waste disposal.

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Multi-city plant network

New plants in Pune, Bengaluru, Faridabad and a copper unit in Reengus (Rajasthan) widen physical collection/processing reach beyond the original Roorkee facility.

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Key Activities

E-waste dismantling & precious-metal extraction

Dismantling electronic devices and lithium-ion batteries and chemically extracting precious/critical metals.

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Informal-sector formalization & collection drives

Training informal-sector e-waste workers and running consumer collection/awareness drives to route e-waste into formal recycling.

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Key Resources

Proprietary extraction technology / patent portfolio47 patents

Company holds 47 patents across e-waste processing, battery recycling and metals recovery.

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Roorkee metal-extraction facility

Core recycling/electro-refining plant in Roorkee, Uttarakhand, indigenously developed for metal extraction from e-waste.

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Key Partnerships

Tesla / Glencore

Some recovered materials are supplied to Tesla via Swiss mining/trading group Glencore.

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OEM clients (Samsung, Hyundai)

Consumer-electronics and auto OEMs as sourcing/compliance partners for e-waste and battery take-back.

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International Finance Corporation (IFC)

World Bank Group's private-sector arm backed Attero with a $5M investment (approved Sept 2010) and is described in company materials as a long-term institutional backer.

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Revenue Streams

Product sales (recycled metals, battery-grade materials)85.5% of FY25 revenue

Largest revenue line; 75% of FY24 revenue (Rs 333 Cr) and 85.5% of FY25 revenue (Rs 822 Cr).

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Recycling & compliance servicesBalance of revenue

Service revenue from e-waste recycling, lithium-ion battery processing, EPR compliance, secure data destruction and waste management solutions.

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Cost Structure

Raw material / feedstock procurement89% of FY25 expenses

Dominant cost line: procurement of e-waste/battery material formed 85% of total expenses in FY24 (Rs 363 Cr) and 89% in FY25 (Rs 834 Cr).

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Employee & manpower costs

Employee benefit expenses more than doubled to Rs 32 crore in FY25; contractual manpower costs rose to Rs 15.5 crore.

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FAQs on Attero Recycling

What is Attero Recycling's business model?

Attero Recycling's core value proposition centers on High-yield metal extraction without mining, "Green metals without mining the earth", End-to-end, environmentally-managed recycling.

How does Attero Recycling make money?

Attero Recycling's cited revenue streams include Product sales (recycled metals, battery-grade materials), Recycling & compliance services.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: entrackr.com · Last verified 11 Sep 2026. · Report a correction