Startup Profile
Attero
Legal entity: Attero Recycling Private Limited
Recycling e-waste and lithium-ion batteries into recovered metals
Funding raised
₹311.00 Cr
Total disclosed
Latest valuation
₹2610.00 Cr
Most recent round
Latest revenue
₹114.00 Cr
FY FY21
Employees
—
FY FY21
Founders
- Nitin Gupta
Co-founder and CEO of Attero. Leads the company's strategy, technology development and global expansion in e-waste and lithium-ion battery recycling.
- Rohan Gupta
Co-founder and COO of Attero. Conceived the original idea while studying in the US after struggling to safely dispose of an old laptop, which exposed the lack of an organised e-waste recycling industry in India.
Funding rounds
- Series C2014-02-25—
- Series B2010-06-21₹68.89 CrLed by International Finance Corporation (IFC)
- Series A2008-05-23₹52.29 CrLed by NEA-IndoUS Ventures
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY21 | ₹114.00 Cr | +₹13.00 Cr | — |
| FY22 | ₹214.00 Cr | +₹40.00 Cr | — |
| FY23 | ₹289.00 Cr | +₹21.00 Cr | — |
| FY24 | ₹446.00 Cr | +₹14.50 Cr | — |
| FY25 | ₹961.00 Cr | +₹14.60 Cr | — |
The full story
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Timeline
- FY25Crossed Rs 1,000 crore revenue — Revenue from operations rose to about Rs 961 crore in FY25 from Rs 446 crore in FY24, with the company citing roughly 125% growth and crossing the Rs 1,000 crore revenue milestone.
- 2022-05-31$1 billion global expansion plan announced — Attero announced plans to invest about $1 billion by 2027 to expand lithium-ion recycling capacity in India and set up plants in the US, Europe (Poland) and Indonesia as EV adoption accelerates.
- 2019Pivot into lithium-ion battery recycling — Attero began R&D into lithium-ion battery recycling, anticipating EV adoption. The vertical reached commercial scale by 2021 using proprietary hydrometallurgy claiming high recovery rates for lithium, cobalt and nickel.
- 2008-05-23First institutional funding — Raised $6.3 million in Series A from NEA-IndoUS Ventures and Draper Fisher Jurvetson to build its e-waste recycling facility.
- 2007-2008Company founded — Brothers Rohan and Nitin Gupta founded Attero after Rohan struggled to find a safe way to dispose of an old laptop. The company was incorporated in 2008 (MCA CIN U28931UR2008PTC032573) and began operations as an e-waste recycler.
Data sources
- seed-list↗ · last fetched 2026-05-28
- Wikidata↗ · last fetched 2026-05-28
- favicon↗ · last fetched 2026-05-31
- Entrackr↗ · last fetched 2026-06-01
- Inc42↗ · last fetched 2026-06-01
- India Hood (FY25 financials)↗ · last fetched 2026-06-01
- Tracxn company profile↗ · last fetched 2026-06-01
- The Better India↗ · last fetched 2026-06-01
- SiliconIndia (Series A $6.3M)↗ · last fetched 2026-06-01
- Business Standard ($1bn expansion)↗ · last fetched 2026-06-01
- Sentinel Assam (FY24 profit / Rs 1000 cr)↗ · last fetched 2026-06-01