ElementRe Technologies - About the company
ElementRe Technologies is a seed company based in Gurugram (India), founded in 2023 by Puja Jain. It operates as a Provider of end-to-end lithium-ion battery recycling solutions. ElementRe Technologies has raised $1.45M in funding from Accel and Stellaris, with a current valuation of ₹*****. The company has 41 active competitors, including 18 funded and 6 that have exited. Its top competitors include companies like Aqua Metals, Redwood Materials and Mangrove Lithium.
Company Details
Provider of end-to-end lithium-ion battery recycling solutions. This includes collection of used batteries from various sources, repurposing for secondary applications like energy storage, and recycling to produce battery-grade materials such as lithium, cobalt, nickel, and manganese. The company offers recycling support to businesses dealing with end-of-life batteries and battery scrap, helping them meet compliance requirements. They also supply certified recycled materials to businesses needing battery-grade chemicals. A proprietary refining process and modular plant design allows for efficient and scalable operations.
- Website
- elementre.co.in/
- Email ID
- *****@elementre.co
- Registered Address
- 1402 TOWER-6 THE PALMS, SOUTH CITY-1, Gurgaon, Gurgaon, Arjun Nagar, Haryana, India, 122001
Key Metrics
Founded Year
2023
Location
Gurugram, India
Stage
Seed
Total Funding
$1.45M in 1 round
Latest Funding Round
Post Money Valuation
₹***** as on Sep 01, 2023
Ranked
17th among 41 active competitors
Annual Revenue
₹76.2L as on Mar 31, 2025
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Legal entities associated with ElementRe Technologies
ElementRe Technologies is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ELEMENTRE TECHNOLOGIES PRIVATE LIMITED CIN: U38300HR2023PTC111752 , India, Active | May 17, 2023 | $90.2K (As on Mar 31, 2025) | - |
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ElementRe Technologies's funding and investors
ElementRe Technologies has raised a total funding of $1.45M over 1 round. Its latest funding round was a Seed round on Aug 11, 2023 for $*****. 15 investors participated in its latest round. ElementRe Technologies has 6 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of ElementRe Technologies:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 11, 2023 | 5017541 | Seed | 9559001 | 8907116 | 1559985 | 2943490 |
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ElementRe Technologies' founders and board of directors
Founder? Claim ProfileThe founders of ElementRe Technologies is Puja Jain. Puja Jain is the CEO of ElementRe Technologies.
Here are the details of ElementRe Technologies' key team members:
- Puja Jain: Co-Founder & CEO of ElementRe Technologies. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
ElementRe Technologies' Board of Directors
ElementRe Technologies's board has 2 active members. Puja Jain and Sunil Raghav are part of team.Here is the list of ElementRe Technologies' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 2y 10m | |
Team | - | Current | 2y 11m |
View details of ElementRe Technologies's Founder profiles and Board Members
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ElementRe Technologies's Competitors and alternates
Top competitors of ElementRe Technologies include Aqua Metals, Redwood Materials and Mangrove Lithium. Here is the list of Top 10 competitors of ElementRe Technologies, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Aqua Metals 2013, Reno (United States), Public | Provider of battery recycling solutions | $6M | 65/100 | |
2nd | Redwood Materials 2017, Carson City (United States), Series E | Provider of repurposed battery packs for modular energy storage systems | $2.29B | 65/100 | |
3rd | Mangrove Lithium 2013, Delta (Canada), Series B | Developer of modular scalable lithium refining technology for battery‑grade production | $46.5M | 62/100 | |
4th |  Altilium 2020, London (United Kingdom), Series B | Developer of technology for recycling electric vehicle batteries into battery materials | $43.5M | 62/100 | |
5th |  Ascend Elements 2015, Westborough (United States), Series D | Manufacturer of engineered materials from recycled lithium-ion batteries and battery scrap | $1.1B | 60/100 | |
6th |  Circunomics 2019, Mainz (Germany), Series A | Waste management services for electric vehicle batteries | $10.4M | 58/100 | |
7th |  ACE Green Recycling 2019, Houston (United States), Series A | Provider of sustainable battery recycling technologies and solutions | $10M | 57/100 | |
8th |  BatX Energies 2020, Gurugram (India), Seed | Provider of lithium-ion battery recycling services producing battery grade materials | $7.61M | 54/100 | |
9th |  NEU Battery Materials 2021, Singapore (Singapore), Seed | Provider of lithium iron phosphate battery recycling and battery-grade lithium supply | $4.28M | 54/100 | |
10th |  Blue Whale Materials 2015, Washington, DC (United States), Funding Raised | Provider of lithium-ion battery recycling and critical materials reclamation services | - | 45/100 | |
17th |  ElementRe Technologies 2023, Gurugram (India), Seed | Provider of end-to-end lithium-ion battery recycling solutions | $1.45M | 37/100 |
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ElementRe Technologies's Latest cap tables and shareholding
Founders (largest shareholder) own 80.02%, Funds own 12.11%, Angels own 2.87% and ESOP Pool own 5.00%. The net worth of ElementRe Technologies's founders is INR 64.1Cr as of Sep 01, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 80.02% | 64.1Cr | 3292557 | 4187884 | 6696383 | 4955394 |
2413008 | 9174173 | 7564769 | 1214422 | 2547216 | 8825069 | |
Fund | 12.11% | 9.7Cr | 2493126 | 1539844 | 3785705 | 1369170 |
9319 | 4730 | 1595 | 8608 | 6318 | 2215 | |
55 | 66 | 62 | 36 | 38 | 30 | |
Angel | 2.87% | 2.29Cr | 80 | 29 | 20 | 28 |
ESOP Pool | 5.00% | 4Cr | 13921 | 35014 | 88573 | 91699 |
Total | 100.00% | 80.1Cr | 6492377 | 2091364 | 5021891 | 5469850 |
To unlock detailed Cap Table of ElementRe Technologies Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of ElementRe Technologies's Shareholding
ElementRe Technologies's Investments and acquisitions
ElementRe Technologies has made no investments or acquisitions yet.
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