Lithium-Ion Battery recycling start-up BatX Energies raised $1.6 million seed funding

Lithium-Ion Battery recycling start-up BatX Energies raised $1.6 million seed funding

Founded by Utkarsh Singh and Vikrant Singh,

BatX Energies exists to develop Green Tech Solutions which empowers the Global Clean Energy Transition creating a Circular Economy and Sustainability ethos.

BatX Energies claims to have developed a proprietary Zero Waste – Zero Emission technology to extract critical Rare Earth metals, namely Lithium, Cobalt, Nickel and Manganese from scrap Lithium-Ion batteries.

The startup also claims to be on a mission to recycle approx 1B

lithium-ion cells in the next three years.

Recently, the company raised $1.6 million in a seed funding

round led by JITO Angel Network SunilKumar Singhvi.

The round also saw participation from existing investors

Anmol Jaggi from BluSmart, Rohit Chanana from


The company statement also read participation from an associate of Excel Industries, and Haldiram’s family offices in this seed fundraising round.

According to the startup, the investment will increase its presence in both the Indian and international markets. It also stated that a major portion of the money would go toward advanced R&D for producing battery-grade materials, scaling up their capacity, and establishing micro facilities (spokes) across the nation.

BatX will now establish a commercial-scale rare earth battery materials extraction plant integrated with AI in India.

The company will start specific material extraction via their proprietary chemical process in Q3FY23.

Upon raising the funds, Utkarsh said,

“With this investment, we plan to fill the demand and supply gap of Lithium, Cobalt, Nickel and Manganese in the EV industry reducing carbon emissions, for which we are constantly enhancing our technology and processes to treat all kinds of Lithium batteries circulated in the global market.”

We can’t wait to see what more BatX Energies has to offer.


To stay updated about more such stories, join our Linkedin Community where 

you can share, learn and discuss the latest news in the startup sector.


Share this on : 

Share on linkedin
Share on twitter