BatX Energies
Summary active Updated Jul 2, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
BatX Energies is a Gurugram-based cleantech startup that recycles end-of-life batteries and manufacturing scrap to recover critical minerals — including lithium, cobalt, nickel, and graphite — and refines them for reuse in lithium-ion battery manufacturing 123. Co-founded by Utkarsh Singh and Vikrant Singh, the company is building capacity to produce Cathode Active Materials (CAM) domestically as part of India’s effort to establish an independent battery-materials supply chain 123. Proceeds from the Series A will be used to expand recycling and refining capacity, strengthen R&D, and accelerate the development of a domestic supply chain for battery materials 123.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-02 | Series A | ₹105 Cr (~$11M) | IvyCap Ventures | Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, JITO 123 |
| 2023-12 | Pre-Series A | $5M | Zephyr Peacock | Existing backers 13 |
What Investors Say
No independently sourced investor quotes found beyond the funding announcement coverage.
What Founders Say
No independently sourced founder testimonials found beyond the funding announcement coverage.
Sources
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Entrackr, “BatX Energies raises Rs 105 Cr in Series A round led by IvyCap Ventures,” July 2, 2026. Accessed July 2026. https://entrackr.com/news/batx-energies-raises-rs-105-cr-in-series-a-round-led-by-ivycap-ventures-1212574↩↩↩↩↩
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Inc42, “Battery Tech Startup BatX Energies Nets ₹105 Cr To Bolster R&D,” July 2026. Accessed July 2026. https://inc42.com/buzz/battery-tech-startup-batx-energies-nets-%E2%82%B9105-cr-to-bolster-rd/↩↩↩↩
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EVreporter, “BatX Energies raises ₹105 crore in Series A funding,” July 2026. Accessed July 2026. https://evreporter.com/batx-energies-raises-%E2%82%B9105-crore-in-series-a-funding/↩↩↩↩↩