Battery recycling business help

[Syd]

Good morning all,

Currently I'm a used car trader, FCA registered and a LTD company, I've just filed my first accounts and currently the business is able to support my family on a small level. Unfortunately it seems that my time is numbered thanks to the current crisis we find ourselves in and I believe that within a couple of months I'll have to close so before the final nail is bashed into my coffin I'm actively trying to think of a business I can startup whilst sat at home.

I want to start a business within recycling as I'm passionate about our planet etc and I've been researching getting into battery recycling or "re-conditioning". Has anyone ever started a similar business? is it as simple as buy scrap devices, remove the batteries and then send them off to a disposal company or remove the batteries to be re-conditioned and then sell them on?

 

[Financial-Modeller]

I guess that the really big opportunity for somebody with retail car experience is to recondition, replace, and/or upgrade batteries in electric cars.

As early models are moving out of manufacturers' warranties, buyers are nervous that the costs of new batteries would exceed the value of the vehicle. Being able to improve battery reliability and/or range concerns and/or increase power or range cost effectively must be an objective for many.

 

[Lizzyohara]

This is a good time to start it tbh
Lots of people at home who maybe lacking expenses so if you can offer a good rate for improve battery life of their existing vehicles. Many trade companies who have lots of vehicles on their books will appeal to this.

 

[Syd]

Thanks for the replies, I'll do some deeper research into it

 

[Greenfield]

I have also looked into this specifically. The opportunity is in the decommissioning of the materials and recycling them ready for use in new batteries, which as electric vehicles become more popular will see a surge in demand. The problem is cost as having the means to break them down obviously has huge machinery costs. A buy back scheme from scrap yards may work well here as they won’t have the means to process the new larger packs in electric cars which can yield more that current batteries.