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Energy Tech Series A Founded 2020

BatX Energies

BatX Energies provides lithium-ion battery recycling services producing battery-grade materials through a proprietary process that extracts black mass from used lithium-ion cells. The company recovers lithium, nickel, cobalt, and manganese for reuse in battery construction, along with secondary products including plastic, aluminum, copper, and stainless steel. Founded in 2020 and headquartered in Gurugram, India,…

📍 Gurugram, India · Energy Storage Tech,

Funding snapshot

Last roundSeries A
Amount$11M
Date1 July 2026
Total raised$19M
Valuation32,000,791 (Jul 1, 2026)
Team size39

About

BatX Energies provides lithium-ion battery recycling services producing battery-grade materials through a proprietary process that extracts black mass from used lithium-ion cells. The company recovers lithium, nickel, cobalt, and manganese for reuse in battery construction, along with secondary products including plastic, aluminum, copper, and stainless steel. Founded in 2020 and headquartered in Gurugram, India, BatX Energies has raised approximately $18.6M in Series A funding from investors including Zephyr Peacock, LetsVenture, JITO Incubation & Innovation Foundation, EXCEL Industries, and Exim Bank. The company addresses the growing challenge of end-of-life battery waste from electric vehicles and consumer electronics by providing a closed-loop recycling solution that recovers critical battery materials, reducing dependence on imported raw materials and minimizing the environmental impact of battery disposal in India's rapidly growing EV market.

Business model

Energy Storage Tech > Battery > Components > Diversified > Battery Raw Material > Recycled,

Solid Waste Management Tech > Recycling > Tech Enabled Recyclers > Lithium

Founders & team highlights

Serial Founder

Institutional investors

Zephyr Peacock LetsVenture JITO Incubation & Innovation Foundation EXCEL Industries Blu-Smart Mankind Kamaljyot Investments Arora Financial Services J&A Partners Business Exim Bank GX Ventures Singhvi Heritage Vevek Venture Investments Sarcha Advisors Levim Capital Investments

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