The battery recycling market will grow significantly with the increase in the adoption of electric vehicles and the growing demand for portable electronic devices.

Battery recycling is time-consuming and expensive. Many traditional recycling processes require disassembling the batteries by hand, which is incredibly time-consuming and takes over 20 minutes per EV battery, as the energy packs made for electric vehicles have thousands of cells.

High popularity of hybrid vehicles which accounts for about 40% of new car sales in Japan in 2022. Japanese consumers are slow to embrace EVs due to hybrids dominating the market.