India and EU Launches ₹169 Crore Joint Initiative to Strengthen EV Battery Recycling

Written by: Team Angel OneUpdated on: 7 May 2026, 3:48 pm IST
India and the EU launched a €15.2 million initiative to support EV battery recycling technologies, critical mineral recovery and circular economy development.
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India and the European Union have expanded cooperation in clean energy technologies with the launch of a joint initiative focused on electric vehicle battery recycling and critical mineral recovery. 

Funding Structure and Proposal Timeline 

As per the PIB report, the initiative, launched under the India-EU Trade and Technology Council (TTC) Working Group 2 on Green and Clean Energy Technologies, carries a combined funding pool of €15.2 million, equivalent to nearly ₹169 crore. 

The third coordinated call for proposals was announced on May 5, 2026, with the submission deadline fixed for September 15, 2026.  

Funding for the programme will come through the EU’s Horizon Europe programme, while the Indian component will be supported by the Ministry of Heavy Industries. 

The programme aims to strengthen access to critical raw materials, accelerate the shift towards a circular economy and deepen strategic cooperation between India and the EU. 

Focus Areas and Technology Development 

The initiative will support the development of advanced EV battery recycling technologies, including high-efficiency material recovery systems, digitalised and safe collection mechanisms, and pilot-scale demonstration projects for innovative recycling processes. 

A joint India-EU pilot line will also be established in India to support industrial deployment and real-world validation of these technologies. The programme is expected to bring together researchers, industries and startups working in the clean energy ecosystem. 

The proposal framework focuses on high recovery rates, handling of mixed battery chemistries, logistics and inclusion models, as well as safety and second-life applications for minerals such as lithium, graphite and cobalt. 

Statements from Officials 

Ajay Kumar Sood, Principal Scientific Adviser to the Government of India said, “This launch is a pivotal moment in the India-EU strategic partnership.”  

He added that with India’s EV market expanding rapidly, developing a strong domestic recycling ecosystem is essential for resource security and environmental commitments. 

H.E. Mr. Hervé Delphin, Ambassador of the European Union to India highlighted that batteries remain central to the global green transition and stated that the initiative aims to move innovation from development to real-world deployment while supporting mineral security and shared climate objectives. 

Read More: Indian Firms Plan Over $20.5 Billion Investments in US Manufacturing and Technology! 

Conclusion 

The India-EU initiative marks a major step in clean energy collaboration, with both sides focusing on battery recycling, critical mineral security and long-term development of sustainable supply chains for the electric mobility sector.

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: May 7, 2026, 10:15 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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