Attero Success Story
Because of their success, new startups continue to emerge in front of the world on a daily basis in the world of startups. In a similar vein, we’ve shared with you today the tale of a startup whose ground-breaking concept raised its valuation to Rs 300 crore.
Furthermore, our environment is benefiting greatly from this Startup’s assistance, which is another reason why many people never stop complimenting it. Indeed, we are referring to Attero Startup, a Noida-based company whose primary goal is to recycle electronic waste or recover valuable metals from it.
Here, “Electronic Waste” refers to broken tablets, phones, and laptops. Tell us about the beginnings of this startup and how it grew to be a Rs 300 crore startup today.
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The founders of Attero are as follows: A Tale of Success for Attero
In 2008, Indian entrepreneurs Nitin and Rohan Gupta founded Attero Startup. Nitin Gupta holds an MBA from London Business School, while Rohan Gupta has a degree in engineering. At a time when India was one of the world’s largest contributors of e-waste, the two of them made the decision to launch this startup.
In addition, the growing demand for laptops and mobile phones at the time contributed to an increase in e-waste in India. With this in mind, they both founded Attero in order to profit handsomely from e-waste while simultaneously helping the environment.
Today, many different kinds of metals, including gold, silver, aluminum, and copper, are extracted from Attero laptops, mobile phones, televisions, tablets, and refrigerators.
Li-ion batteries are recyclable as well.
As time went on, both founders Nitin and Rohan began conducting extensive research on the recycling of Li-ion batteries due to the growing opportunities in the e-waste industry. As a result, in 2019, after some time and successful research, he began recycling Li-ion batteries as well.
Li-ion batteries are a major source of waste in e-waste, and after being recycled, Attero’s Li-ion battery business is now making a healthy profit from its Li-ion batteries.
The business has completed 38 patents.
In order to prevent technology theft, Attero has patents covering 38 of its technologies, which will help them meet future challenges.
Because Attero employs entirely novel technology in its recycling of Li-ion batteries, the company has also received a patent for this process.
possess up to Rs 300 crore in wealth
Attero is presently a profitable company, with revenue of about Rs 214 crore and a profit of Rs 40 crore in the most recent FY22, according to a report by Inc42.
Regarding FY23, the company reports that they have generated approximately Rs 300 crore in revenue thus far, and this figure is expected to rise.
These products are produced by the company.
For your information, Attero also offers its premium products—which include 99% Pure Cobalt Chips and Pharaceutical Grade Lithium Carbonate Products—in both domestic and foreign markets.
Their customers are also quite pleased with their purchases, and their feedback is largely favorable.
The company is expected to make Rs 8000 crore in revenue.
Attero is currently only operating in a small number of locations, but in the near future, it plans to significantly expand its operations internationally. As a result, it is anticipated that the company’s revenue will rise to approximately Rs 8,000 crore over the course of the next three years. can handle it.
We hope that this article has given you more knowledge about Attero Business. If you enjoyed their tale, please tell your friends about it. Visit our website at taazatime.com to read more articles like this one.
FAQ: Success Story of Attero
Which recycling business in India is the biggest?
The largest recycling company in India, Attero, has played a significant role in recycling e-waste in the country.
What location does Attero Company have?
The Attero Company is situated in India’s Noida city.
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