About BatX Energies
BatX Energies is a company based in Gurugram (India) founded in 2020 by Utkarsh Singh and Vikrant Singh. It operates as a Circular Economy. BatX Energies has raised $7.27 million across 4 funding rounds from investors including BluSmart, Mankind Pharma and LetsVenture. The company has 48 employees as of April 01, 2025. BatX Energies offers products and services including Black Mass, Critical Minerals, and Secondary Products. BatX Energies operates in a competitive market with competitors including Li Industries, Altilium, POEN, Circu Li-Ion and Novocycle, among others.
- Headquarter Gurugram, India
- Employees 48 as on 01 Apr, 2025
- Founders Utkarsh Singh, Vikrant Singh
- Stage Minicorn
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Sectors
EnvironmentEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Batx Energies Pvt. Ltd.
- Date of Incorporation 07 Jul, 2020
- Jurisdiction Industrial Complex Dundahera, Haryana, India
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Annual Revenue
$2.75 M (USD)7.42as on Mar 31, 2024
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Net Profit
-$1.26 M (USD)-9264.82as on Mar 31, 2024
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EBITDA
-$1.24 M (USD)-32156.26as on Mar 31, 2024
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Total Equity Funding
$7.27 M (USD)
in 4 rounds
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Latest Funding Round
$309.97 K (USD), Seed
Dec 30, 2024
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Investors
BluSmart
& 85 more
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Employee Count
48
as on Apr 01, 2025
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Products & Services of BatX Energies
BatX Energies offers a comprehensive portfolio of products and services, including Black Mass, Critical Minerals, and Secondary Products.
Black Mass is extracted with minimal impurities sustainably.
High-quality minerals are extracted for battery production use.
High-grade materials are recycled for various industrial uses.
People of BatX Energies
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Funding Insights of BatX Energies
BatX Energies has successfully raised a total of $7.27M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $309.97 thousand completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in BatX Energies
BatX Energies has secured backing from 86 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BluSmart, Mankind Pharma and LetsVenture.
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Diversified asset management and private equity firm focused on small and medium sized enterprises
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Multiple sectors are incubated by the foundation in Mumbai, India.
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Multiple sectors are invested in by the private equity firm.
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Investor details for BatX Energies
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Investments & Acquisitions by BatX Energies
Investment portfolio details for BatX Energies
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Financial Statements - BatX Energies
Detailed financials for BatX Energies
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Batx Energies Comparisons
Peer comparison for BatX Energies
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Competitors of BatX Energies
BatX Energies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Li Industries, Altilium, POEN, Circu Li-Ion and Novocycle, among others.
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Lithium-ion battery recycling
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Recycled EV battery materials are developed for automotive applications.
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Batteries are manufactured through reuse of discarded and used materials.
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Provider of the upcycling process to extract and diagnose lithiumion battery cells
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Battery recycling technologies are developed for lithium-ion energy storage.
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Recycling solution for discarded batteries
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Detailed competitors of BatX Energies
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Latest news on Batx Energies
Complete news archive for BatX Energies
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Frequently Asked Questions about BatX Energies
BatX Energies was founded in 2020 and raised its 1st funding round 1 year after it was founded.
BatX Energies is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Utkarsh Singh is the current CEO of BatX Energies. They have also founded this company.
BatX Energies is a funded company, having raised a total of $7.27M across 4 funding rounds to date.
As of Apr 01, 2025, the latest employee count at BatX Energies is 48.
Annual revenue of BatX Energies is $2.75M as on Mar 31, 2024.
BatX Energies Pvt. Ltd. is focused on recycling end-of-life Lithium-ion batteries using a proprietary Net Zero Waste, Zero Emissions process. Operations are centered in the energy sector, specifically targeting sustainable battery material production. Solutions include extraction of Black Mass, critical minerals like Lithium, Nickel, Cobalt, and Manganese, and secondary products such as high-grade plastics and metals. Commitment to global sustainability goals, including the UNs 17 Sustainable Development Goals and Net-Zero by 2070, is emphasized. The company contributes to the circular economy by reducing dependence on mining and reintroducing recycled resources into the market.
BatX Energies's top competitors include Li Industries, Altilium and POEN.
BatX Energies offers Black Mass, Critical Minerals, and Secondary Products.
BatX Energies has 86 investors. Key investors include BluSmart, Mankind Pharma, LetsVenture, EXCEL Industries, and Sarcha Advisors.
The valuation of BatX Energies is $25.91M as of Apr 2023.