BATX ENERGIES RAISES US$ 11 MILLION IN SERIES A ROUND
Battery recycling and critical minerals recovery company, BatX Energies has raised Rs US$11 million in a Series A funding round led by IvyCap Ventures. The round also saw participation from existing investors Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO. Prior to this round, BatX had raised US$5 million in pre-Series A round led by Zephyr Peacock and others in December 2023.
The Gurugram-based company will use the fresh funds to expand its recycling and refining capacity, strengthen R&D, and accelerate the development of a domestic supply chain for battery materials. Founded by Utkarsh Singh and Vikrant Singh, BatX focuses on battery recycling, critical mineral recovery, and refining. The company recovers materials such as lithium, cobalt, nickel, and graphite from end-of-life batteries and manufacturing scrap.
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