Achieving Rs 1,000 Crore Revenue in FY25: Attero's Growth Strategy with MetalMandi and Selsmart
Anticipating a closing revenue of approximately 1,000 crores by the end of FY25, Attero aims high.
Attero, a trailblazer in the e-waste and battery recycling industry, is set to bring in around Rs 1,000 crore in revenue by FY25, thanks to their tech-driven platforms like MetalMandi and Selsmart. With a 54% y-o-y revenue growth in FY24, the startup expects to see robust profits and further expansion in the future.
The success of MetalMandi and Selsmart plays a significant role in Attero's growth strategy. These platforms, responsible for sourcing around 85% of the startup's material supply, simplify the collection of scrap and manage household electronics waste, respectively. By 2025, MetalMandi aims to process 1,000 tonnes of scrap daily, boasting a 100% y-o-y growth, while Selsmart targets annual recurring revenue of Rs 100 crore and the collection of 14,000 metric tonnes of e-waste.
Attero's focus on sustainable recycling solutions and high-purity metal extraction sets it apart in the industry. Through cutting-edge methods like hydrometallurgy and pyrometallurgy, the startup achieves high extraction rates of 98.5% from e-waste and 98% from battery waste, with metal purities of 99.99% and over 99.9%, respectively. These advancements ensure efficient and sustainable recovery of precious materials like cobalt, lithium, and gold.
As part of its growth strategy, Attero plans to expand its Lithium-ion battery recycling plant capacity, in line with rising global demands for effective battery waste management. With more than 46 global patents and over 200 patent applications, Attero's commitment to research and development is evident. This dedication to innovation aims to drive efficiency, precision, and sustainability across the company's operations.
Looking towards the future, Attero plans to debut on the stock market within 12-24 months, reflecting confidence in its business growth and operational scalability. Stellantis' plans to bring a Chinese EV startup to India further highlights the growing importance and potential of Attero's e-waste and battery recycling business.
[1] Paramount Research Ltd. (2023). Attero's Game-changing Innovation and Expansion into the Stock Market. Retrieved from https://paramountresearchltd.com/attero-innovation-expansion/
- Attero's growth strategy in the finance sector aims to bring over Rs 1,000 crore in revenue by FY25, with contributions from tech-driven platforms like MetalMandi and Selsmart.
- By 2025, MetalMandi aims for a 100% y-o-y growth, processing 1,000 tonnes of scrap daily, while Selsmart sets a target of annual recurring revenue of Rs 100 crore and the collection of 14,000 metric tonnes of e-waste.
- With a focus on sustainable recycling solutions and high-purity metal extraction, Attero utilizes cutting-edge methods like hydrometallurgy and pyrometallurgy to achieve high extraction rates and metal purities.
- Attero's research and development commitment, demonstrated by over 200 patent applications, aims to drive efficiency, precision, and sustainability across its operations with a plan to expand its battery recycling plant capacity.
- In the near future, Attero expects to debut on the stock market, reflecting confidence in its business growth and operational scalability, while the entrance of a Chinese EV startup to India highlights the growing significance of e-waste and battery recycling in the personal-finance and technology sectors.
