About Recyclekaro
Recyclekaro is a company based in Navi Mumbai (India) founded in 2010 by Rajesh Gupta. Recyclekaro has raised $16.8 million across 8 funding rounds from investors including AIG, Ascent Capital and J M Global Equities. Recyclekaro offers products and services including E-waste Recycling Service, Battery Recycling Service, and EPR Management Service. Recyclekaro operates in a competitive market with competitors including Redwood Materials, Lohum, Ascend Elements, Li Industries and Metastable Materials, among others.
- Headquarter Navi Mumbai, India
- Founders Rajesh Gupta
- Stage Minicorn
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Evergreen Recyclekaro India Private Limited
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$16.8 M (USD)
in 8 rounds
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Latest Funding Round
$3.85 M (USD), Series A
Feb 10, 2026
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Investors
AIG
& 61 more
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Employee Count
Not available
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Products & Services of Recyclekaro
Recyclekaro offers a comprehensive portfolio of products and services, including E-waste Recycling Service, Battery Recycling Service, and EPR Management Service.
Processes electronic waste to extract and recover valuable metals for reuse.
Recycles batteries to recover materials like cobalt and lithium for industrial supply.
Handles extended producer responsibility for waste management and regulatory compliance.
Funding Insights of Recyclekaro
Recyclekaro has successfully raised a total of $16.8M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $3.85 million completed in February 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Recyclekaro
Recyclekaro has secured backing from 62 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include AIG, Ascent Capital and J M Global Equities.
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Investor details for Recyclekaro
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Investments & Acquisitions by Recyclekaro
Investment portfolio details for Recyclekaro
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Financial Statements - Recyclekaro
Detailed financials for Recyclekaro
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Recyclekaro Comparisons
Peer comparison for Recyclekaro
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Competitors of Recyclekaro
Recyclekaro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Redwood Materials, Lohum, Ascend Elements, Li Industries and Metastable Materials, among others.
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Used battery packs are repurposed for modular energy storage systems.
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Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining
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Lithium-ion battery materials are manufactured from reclaimed battery elements.
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Lithium-ion battery recycling
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End-to-end lithium-ion battery recycling services are provided.
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Waste management services for electric vehicle batteries are provided.
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Detailed competitors of Recyclekaro
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Latest news on Recyclekaro
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Frequently Asked Questions about Recyclekaro
Recyclekaro was founded in 2010 and raised its 1st funding round 10 years after it was founded.
Recyclekaro is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Prassann Daphal is the current CEO of Recyclekaro.
Recyclekaro is a funded company, having raised a total of $16.8M across 8 funding rounds to date.
Provider of ewaste and battery recycling services. It manages a circular-economy value chain by collecting, recycling, and extracting critical raw materialssuch as lithium, cobalt, nickel, manganese, and precious metals from electronic and battery waste. It also provides facility-based recycling services, capacity expansions, and recovery processes achieving over 95 percent efficiency and 99.5 percent material purity. It supports integrated waste management, including collection networks, waste-to-wealth conversion, residential and corporate e-waste programs, and fostering awareness around sustainability within communities.
Recyclekaro's top competitors include Lohum, Redwood Materials and Ascend Elements.
Recyclekaro offers E-waste Recycling Service, Battery Recycling Service, and EPR Management Service.
Recyclekaro has 62 investors. Key investors include AIG, Ascent Capital, J M Global Equities, Vanshika Chemicals, and Ceramet Consultants.
The valuation of Recyclekaro is $43.59M as of Mar 2022.