# BatX Energies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/batx-energies-pvt

- Industry: Energy Storage & Batteries
- Headquarters: Gurgaon, India
- Website: www.batxenergies.com
- Total disclosed funding: $13M
- Latest round: Series A (Jul 2, 2026)
- Investors on record: 10

## About

Founded in 2020 and based in Haryana, India, by CEO Utkarsh Singh and CTO Vikrant Singh, BatX Energies Pvt. Ltd., a.k.a. BatX Energies, is a manufacturer of recycled lithium-ion battery-grade materials, such as lithium, cobalt, nickel, and manganese, using a lithium-ion cell structure. In July 2026, BatX Energies Pvt. Ltd. raised INR 1.05 billion in series A funding led by IvyCap Ventures, with participation from Zephyr Management, Mankind Pharma Family Office, Excel Industries, and JITO.

BatX Energies employs zero-waste, zero-emission technology, including artificial intelligence and machine learning, and blockchain technology to extract critical rare earth metals, such as black mass, lithium, cobalt, nickel, manganese, plastic, aluminum, steel, and copper, from used lithium-ion cells, which are prismatic cells, cylindrical cells, and pouch cells. The company's process revolves around a proprietary seven-layer mechanical procedure and a reusable hydrometallurgical process.

The company will use the July 2026 funding to expand its recycling and refining capacity, strengthen research and development, and accelerate the development of a domestic supply chain for battery materials.

## Funding rounds

- Series A, Jul 2, 2026, $11M — Zephyr Management, Excel Industries, Inc., IvyCap Ventures Group, JITO Incubation & Innovation Foundation, Mankind Group Family Office
- Seed, May 20, 2022, $1.6M — Sprout Group, Mankind Pharma Ltd., JITO Incubation & Innovation Foundation, Haldiram Family Office, Sarcha Advisors, Kamaljyot Investments

## Investors

- Sprout Group (https://capitalatlas.ai/funds/sprout-group) — Seed
- Mankind Pharma Ltd. — Seed
- JITO Incubation & Innovation Foundation — Seed, Series A
- Haldiram Family Office — Seed
- Sarcha Advisors — Seed
- Kamaljyot Investments — Seed
- Zephyr Management (https://capitalatlas.ai/funds/zephyr-management) — Series A
- Excel Industries, Inc. — Series A
- IvyCap Ventures Group (https://capitalatlas.ai/funds/ivycap-ventures-group) — Series A
- Mankind Group Family Office — Series A