The Indian BatX Energies and Gurugram-based battery recycling and critical minerals recovery startup, disclose on July 2 that the company has officially Raise 1.1 billion rupees (US$11 million) in a series A round.
The company Disclose in the officially website that the proceeds will help in expanding and improving its recycling and refining capacity not only that it will also strengthen research and development and enable the company to Achieve it common goal, BatX Energies Stated that The company dreams and purpose is to support domestic supply chain for battery materials and recovered from end-of-life batteries and manufacturing scrap.
It was also disclose that BatX Energies company was founded in 2020, within the few years the company was able to rise raised US$6.66 million around two earlier rounds, including a US$5 million early-stage financing in December 2023.
BatX will handle recycling and material recovery, focusing on lithium, cobalt, and nickel for reuse in battery production.
The Indian BatX Energies CEO said that the company aim is to improve in battery production and enable the people of indian to enjoy the what life is all about and also help in providing enough jobs to the society
The round was led by IvyCap Ventures, with participation from existing investors Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO.
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The round comes as India’s Battery Waste Management Rules, 2022, require extended producer responsibility (EPR) from battery producers.
The Gurugram-based startup recovers lithium, cobalt, nickel, and graphite from end-of-life batteries and manufacturing scrap. It was founded by Utkarsh Singh and Vikrant Singh.
Lately in 2025 it was disclose that the Vietnamese EV maker VinFast partnered with Indian clean-tech firm BatX Energies to manage battery recycling and repurposing in India to enable the two company achieve their common goal and also improve in their production
