PeakAmp, a startup working on recycling and reusing batteries, has raised INR 12 crore (around $1.37 million) in a seed funding round.
The funding was led by Caret Capital and also included investments from IIM Ahmedabad Ventures, angel investor Basant Sharma & Group, and other investors focused on clean-tech, mining, and recycling.
“Our mission is not only to tackle battery waste but also to set global standards for sustainable resource recovery and make circularity integral to India’s clean energy future, propelling the country towards true energy sovereignty and a global leadership role in circular innovation,” said Vijay Gond, Co-founder of PeakAmp.
Caret Capital’s Managing Partner Karan Mittal said, “PeakAmp’s tech-enabled, partnership-driven model is built for scale. Their ability to extract critical materials efficiently has the potential to make them a key player in India’s push for energy independence. As EV adoption grows, battery recycling will play a crucial role in reducing import dependence and building a resilient domestic battery ecosystem.”
PeakAmp, based in Gurgaon and co-founded in 2024 by Vijay Gond and Aditya Sudhanshu, is creating India’s first technology-driven, complete solution for batteries.
The company said it has already tested pilot projects with leading industry players.
It has also built partnerships across the entire battery lifecycle, including collection, transportation, disassembly, and recovering materials.
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