PeakAmp’s Bold Mission: Turning Battery Waste into Gold! As electric vehicles (EVs) and renewable energy solutions surge in popularity, one problem looms larger than ever—what happens to dead
As electric vehicles (EVs) and renewable energy solutions surge in popularity, one problem looms larger than ever—what happens to dead batteries? Enter PeakAmp, a trailblazing startup that’s aiming to turn this challenge into a massive opportunity.
The battery circularity company has just raised ₹12 crore (around $1.37 million) in a seed funding round led by Caret Capital, with backing from IIM Ahmedabad Ventures, angel investor Basant Sharma, and other investors passionate about clean technology, recycling, and sustainable development.
Founded in 2024 by Vijay Gond and Aditya Sudhanshu, PeakAmp is already making waves by developing India’s first full-stack, tech-driven platform for lithium-ion battery recycling—from collection to reuse to material recovery.
With the rapid rise of electric vehicles and energy storage solutions, the use of lithium-ion batteries is skyrocketing. But there’s a catch—batteries have a limited lifespan, and improper disposal can lead to environmental disasters.
PeakAmp’s mission is simple yet ambitious: build a circular economy for batteries where waste is minimized, materials are recovered, and reuse is maximized. Their technology-driven model aims to responsibly collect and process used batteries while setting global benchmarks in sustainable resource recovery.
According to Vijay Gond, co-founder of PeakAmp,
“Our vision is to create India’s benchmark platform for battery recycling, where every battery is responsibly collected, reused, and recycled through data-driven processes. We want to build circularity into India’s clean energy future and position the country as a global leader in resource recovery and energy independence.”
Here’s what sets PeakAmp apart:
✅ End-to-End Solution: The startup covers everything from collection and logistics to disassembly and recovery of high-purity materials like lithium and cobalt.
✅ Second-Life Repurposing: Instead of dumping old batteries, PeakAmp explores ways to give them a second lease on life—extending usability and cutting waste.
✅ Data-Driven Processes: Advanced tech is at the core of their operations, ensuring efficient tracking, sorting, and extraction.
✅ Strategic Partnerships: PeakAmp has already piloted successful programs with industry leaders, building collaborations across the entire battery lifecycle.
For investors like Karan Mittal, Managing Partner at Caret Capital, PeakAmp’s approach isn’t just a business—it’s a strategic necessity. He explains,
“Their ability to extract critical materials efficiently makes them a key player in India’s energy independence journey. As EV adoption grows, responsible battery recycling will reduce import dependence and strengthen domestic supply chains.”
Similarly, Pankaj Bansal, also from Caret Capital, says,
“Circular economy solutions are no longer optional—they’re mission-critical. With PeakAmp, we’re backing a team solving one of the most urgent challenges of the clean energy transition: responsible disposal and resource recovery.”
India’s dependency on imported raw materials for batteries is a growing concern, especially as EV adoption accelerates. By efficiently recycling batteries and extracting high-value materials, PeakAmp is helping build a resilient domestic ecosystem that could power the next generation of energy solutions.
Their work aligns perfectly with broader national goals like reducing carbon footprints, conserving resources, and achieving energy sovereignty.
With the new funding, PeakAmp plans to scale operations, invest in technology, and deepen its partnerships. The startup aims to create systems that can handle larger volumes of battery waste as EVs flood the market.
Their goal isn’t just to tackle waste—it’s to create an industry standard where every battery is traceable, reusable, and recoverable, making circularity a non-negotiable part of the energy economy.
Whether you’re an investor, EV enthusiast, or someone concerned about the environment, PeakAmp’s work is something to watch. Here’s why it matters:
✔ For Investors: A tech-enabled circular economy startup addressing a high-growth, under-served market with enormous potential.
✔ For EV Users: Assurance that your used batteries aren’t ending up in landfills but are being responsibly repurposed.
✔ For the Planet: A step closer to sustainable energy systems and reduced dependence on scarce resources.
PeakAmp’s bold vision and innovative approach are shaping up to be a game-changer for India’s battery ecosystem. With its recent ₹12 crore funding round, a clear roadmap, and a commitment to sustainability, the startup is poised to become a leader in responsible battery recycling.
As electric mobility becomes mainstream, solutions like PeakAmp are essential not just for businesses but for the planet. Their mission is more than recycling—it’s about building a cleaner, smarter, and more resilient energy future.
This is one startup that’s not just talking about change—it’s engineering it.
