PeakAmp, a battery circularity company, has raised ₹12 crore (~$1.37 million) in a seed funding round led by Caret Capital, with participation from IIM Ahmedabad Ventures, angel investor Basant Sharma and Group, and other prominent investors in clean-tech, mining, and recycling.
Founded in 2024 by Vijay Gond and Aditya Sudhanshu, PeakAmp is building a full-stack, tech-enabled solution focused on the collection, segregation, and recycling of lithium-ion batteries, including second-life repurposing and high-purity material recovery.
PeakAmp combines advanced materials-recovery technology—delivering 99%+ efficiency and purity for critical metals such as lithium, nickel, copper, among others, with a growing reverse-logistics network to safely transport and trace end-of-life batteries.
Vijay Gond, Co-Founder, PeakAmp, said, “My vision is to create India’s benchmark platform for battery recycling, where every battery is responsibly collected, reused, and recycled through data-driven processes. Our mission is not only to tackle battery waste, but to set global standards for sustainable resource recovery and make circularity integral to India’s clean energy future, propelling India towards true energy sovereignty and a global leadership role in circular innovation.”
Karan Mittal, Managing Partner, Caret Capital, 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.”
Pankaj Bansal, Managing Partner, Caret Capital, said, “Circular economy solutions are no longer optional—they’re mission-critical. With PeakAmp, we’re backing a team that’s solving one of the most urgent and under-addressed challenges of the clean energy transition: responsible battery disposal and resource recovery. This is how we build a regenerative future.”
