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PeakAmp, a battery circularity startup, has raised Rs 12 crore (approximately $1.37 million) in seed funding. The investment round was spearheaded by Caret Capital, with notable participation from IIM Ahmedabad Ventures, angel investor Basant Sharma and Group, alongside other strategic investors from the cleantech, mining, and recycling sectors.
Addressing India’s Growing Battery Waste Challenge
Founded in 2024 by entrepreneurs Vijay Gond and Aditya Sudhanshu, PeakAmp has positioned itself as India’s first comprehensive technology enabled platform dedicated to lithium ion battery lifecycle management. The startup’s integrated approach encompasses collection, segregation, recycling, and second life repurposing of batteries, addressing a critical gap in India’s rapidly expanding electric vehicle ecosystem.
The company’s proprietary technology demonstrates impressive capabilities, achieving over 99% efficiency and purity rates in recovering essential metals including lithium, nickel, and copper. This high recovery efficiency is particularly significant given India’s strategic objective of reducing dependency on imported critical materials for its clean energy transition.
Strategic Vision and Market Positioning
PeakAmp’s business model extends beyond traditional recycling operations through its full stack approach that integrates advanced diagnostics for cell health assessment, enabling effective second life applications for end of life batteries. The startup has already demonstrated operational viability through successful pilot programs with leading industry players, establishing strategic partnerships across the entire battery value chain.
The founders envision creating India’s benchmark platform for responsible battery management, leveraging data driven processes to establish global standards for sustainable resource recovery. This vision aligns with India’s broader energy independence goals and positions the country as a potential leader in circular innovation within the clean energy sector.
Investment Outlook
The successful funding round reflects growing investor confidence in India’s circular economy solutions. As electric vehicle adoption accelerates nationwide, companies like PeakAmp are becoming increasingly vital for building a resilient domestic battery ecosystem that supports India’s clean energy ambitions while addressing environmental sustainability challenges.
This capital infusion will enable PeakAmp to scale its operations, expand its reverse logistics network, and strengthen its technology platform to meet the anticipated surge in battery waste management requirements.
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