BatX Energies

📍 Gurugram, India🗓 Founded 2020👥 55 employees💰 Last funded Nov 2024
Chemical Raw Materials Manufacturing🌐 batxenergies.com
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BatX Energies, established in 2020 by Utkarsh Singh and Vikrant Singh, is redefining lithium-ion battery recycling in India. With a mission to create a circular battery supply chain, BatX utilizes its proprietary "Zero Waste-Zero Emission" technology to recover critical metals such as lithium, cobalt, and nickel from end-of-life batteries. These materials, with over 99.5% purity, are supplied to industries like battery cell manufacturing, renewable energy storage, and pharmaceuticals, reducing India’s reliance on imported raw materials and mitigating environmental hazards associated with mining. BatX operates advanced facilities, including an IoT-enabled automated recycling unit and a hydrometallurgy plant capable of processing 5100 MT of batteries annually. The company also focuses on second-life applications for partially used batteries, extending their utility for renewable energy storage in wind and solar power plants. Recognized globally for its innovation, BatX has received accolades such as Forbes 30 Under 30 Asia 2023, Forbes DGems 2023, BW Recycling World Award 2024, recognition from the India Business Leader Awards (IBLA) 2024 and Indo-Pacific Economic Forum Top 100 Cleantech Startup 2024. The company has received strong institutional support to scale its operations. The Ministry of Heavy Industries (MHI) awarded BatX a grant for advancements in lithium extraction technology. BatX is also backed by the EXIM Bank of India to expand its hydrometallurgy operations, solidifying circular supply chain. Looking to the future, BatX is pioneering its pCAM (Precursor Cathode Active Material) technology to manufacture cathode materials. This innovative approach integrates recycling and manufacturing into a closed-loop system, reducing environmental impact. With a vision aligned with the UN’s 17 SDGs and India’s Net-Zero by 2070 goals, BatX is poised to lead the global energy transition, driving sustainability and redefining the future of battery production.
6
Total investors
3
Early stage
3
Mid stage
0
Late stage
2020
Founded

Investors

6 investors
All
Early stage
Mid stage
Late stage
Investor geography3 countries
India
4
United Arab Emirates
1
Hong Kong
1
Investor activity2021–2024 · investors recorded per year
20211202222023220241
Recent (last 2y)Earlier
Frequently asked questions
Who invested in BatX Energies?
BatX Energies has 6 investors on record on gritt.io, including 3 early-stage backers, 3 mid-stage.
When did BatX Energies last raise funding?
The most recent investment in BatX Energies recorded on gritt.io was in November 2024.
When was BatX Energies founded?
BatX Energies was founded in 2020.
What industry is BatX Energies in?
BatX Energies operates in Chemical Raw Materials Manufacturing. Find similar Chemical Raw Materials Manufacturing investors on gritt.io.
Where is BatX Energies based?
BatX Energies is headquartered in Gurugram, India.