MiniMines

MiniMines

Developer of lithium ion battery recycling solution

Founded

2020

Headquarters

Bengaluru (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+91 - 8029908945

MiniMines Cleantech Solutions is a pioneering clean technology company specializing in sustainable lithium-ion battery recycling and critical material extraction. The company operates at the intersection of environmental services, cleantech, and the circular economy, serving key markets in India’s rapidly expanding electric vehicle (EV), electronics, and energy storage sectors. Leveraging its proprietary HYBRID-HYDROMETALLURGY™ process, MiniMines extracts and recycles precious commodities such as lithium, cobalt, nickel, manganese, copper, and graphite from spent batteries and industrial by-products.

Unique Value Proposition

  • Proprietary, eco-friendly recycling technology that is carbon-negative and generates no water or solid waste.

  • High recovery rates and battery-grade material output (lithium, cobalt, nickel, manganese, copper, graphite) for direct re-entry into the battery manufacturing supply chain.

  • Supports India’s battery Extended Producer Responsibility (EPR) and BWMR compliance for manufacturers and importers.

  • Flexible, scalable, and licensable technology platform suitable for global deployment.

  • Recognized by major industry bodies and recipients of grants from Oil India Ltd and BIRAC, with certification from UNIDO and validation by NITI Aayog.

Business Model & Revenue Streams

  • Commodity Sales: The primary revenue stream is the sale of high-purity, battery-grade materials (lithium, cobalt, nickel, manganese, copper, graphite) recovered from recycled batteries and industrial waste. These materials are supplied to EV battery manufacturers, electronics companies, and other industrial users.

  • Technology Licensing & Royalties: MiniMines licenses its proprietary HYBRID-HYDROMETALLURGY™ process and related IP to partners and companies in other geographies, generating recurring royalty income.

  • Carbon Credits: Due to its carbon-negative operations, MiniMines earns Certified Emission Reduction (CER) units, which can be sold to other industrial entities seeking to offset their carbon footprint.

  • EPR & Compliance Services: The company helps manufacturers and importers meet their regulatory obligations under India’s EPR and BWMR rules, offering compliance solutions as a service.

  • Consulting & R&D Services: MiniMines provides technical consulting, process optimization, and R&D services to industry partners, leveraging its expertise in sustainable extraction and recycling technologies.

Customer Segmentation

  • B2B: EV battery manufacturers, electronics companies, industrial users, recycling firms, and government agencies.

  • B2G: Partnerships with government bodies for large-scale recycling and compliance programs.

  • Global Partners: Companies seeking to license MiniMines’ technology for use in international markets.

Growth Strategy

  • Market Expansion: Scaling operations across India and targeting international markets through technology licensing and partnerships.

  • Product Innovation: Continuous R&D investment to improve extraction efficiency, expand to new battery chemistries, and develop new sustainable technologies (e.g., green hydrogen, carbon capture).

  • Strategic Partnerships: Collaborating with manufacturers, government agencies, and industry leaders to drive adoption and regulatory compliance.

  • Talent Acquisition: Aggressive hiring to build a world-class team in production, R&D, and operations.

  • Sustainability Leadership: Building strong IP, earning carbon credits, and reinforcing its position as a leader in the circular economy and cleantech innovation.

MiniMines’ proprietary, carbon-negative recycling process, high-purity outputs, and multi-channel revenue model set it apart from traditional recyclers, positioning it as a cleantech leader in the global energy transition.

Conclusion 

MiniMines Cleantech Solutions is at the forefront of sustainable battery recycling and critical material recovery. With patented, eco-friendly technology, a robust multi-channel business model, and strong industry recognition, MiniMines is uniquely positioned to drive the circular economy in India and beyond. Its innovative approach, regulatory alignment, and commitment to environmental impact make it a compelling opportunity for investors, researchers, and industry professionals seeking leadership in the cleantech and energy materials sector.

 

Key People

Anupam Kumar

Arvind Bhardwaj

Key Metrics

Total Equity Funding

$4.5 Million

No. of Funding Rounds

2

Latest Funding Round

$4.5 Million, Series A

as of March 5, 2024

Post Money Valuation

$17.3 Million

as of July 23, 2024

Funding Multiple

3.84

as of July 23, 2024

Investors

Marl Accelerator

and 7 more

Employee Count

32

Similar Companies

WeVOIS Labs

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
March 5, 2024Series A$4.5 Million$11.5 Million$180.0 K39.0x Shastra VC, Micelio, Beenext, Pawan Munjal Family Trust, Pegasus, Z47, We Founder Circle , Angel List, Sukalp Foundation, Kairos, BITS Pilani, Indus Capital Partners, Nabs Vriddhii
October 18, 2022 Seed$50.3 K---Marl Accelerator

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