Battery circularity startup PeakAmp has raised ₹12 crore ($1.37 million) in a seed funding round led by Caret Capital, with participation from IIMA Ventures, Basant Sharma and Group, and other investors.
Funding Snapshot
- Amount: ₹12 Cr (~$1.37M)
- Lead Investor: Caret Capital
- Other Investors: IIMA Ventures, Basant Sharma and Group, angels
- Stage: Seed round
Circular Future for Batteries
Founded in 2024 by Vijay Gond and Aditya Sudhanshu, PeakAmp is building a full-stack platform for end-of-life EV battery management. Its model spans safe collection, second-life repurposing, and high-purity materials recovery, turning discarded batteries into resources that fuel India’s clean energy transition.
PeakAmp’s proprietary tech enables >99% efficiency in recovering critical metals like lithium, nickel, and copper. Backed by a reverse-logistics network, the company ensures safe transport and traceability of end-of-life batteries.
Traction & Partnerships
- Pilots completed with leading industry players
- Strategic alliances across collection, logistics, disassembly, and recovery
- Growing infrastructure for second-life repurposing and recycling
Market Tailwinds
India’s EV market is projected to surge from $35B in 2024 to $111B by 2029, with 80M+ EVs expected on roads. The resulting wave of end-of-life batteries presents both a challenge and a trillion-dollar circular economy opportunity.
Founders’ Edge
“Our mission is to set global standards for sustainable resource recovery and make circularity central to India’s energy independence,” said Vijay Gond, co-founder of PeakAmp.
By tackling both waste and resource recovery, PeakAmp positions itself not just as a recycler but as a clean-tech enabler powering India’s path to energy sovereignty.
Final Take
As EV adoption accelerates, battery lifecycle solutions will define the sector’s sustainability narrative. With its tech-driven circular model, PeakAmp is emerging as one of the key players shaping India’s clean energy future.
For more startup and business news, visit StartupByDoc.com.