BatX Energies - About the company
BatX Energies is a series A company based in Gurugram (India), founded in 2020 by Vikrant Singh and Utkarsh Singh. It operates as a Provider of lithium-ion battery recycling and critical mineral recovery services. BatX Energies has raised $18.6M in funding from investors like Exim Bank, Zephyr Peacock and IvyCap Ventures, with a current valuation of $*****. The company has 86 active competitors, including 38 funded and 8 that have exited. Its top competitors include companies like Lohum, Attero and Recyclekaro.
Company Details
Provider of lithium-ion battery recycling and critical mineral recovery services. The company converts end-of-life battery materials into recoverable industrial inputs through controlled processing and hydrometallurgical refining. By recovering critical minerals from spent batteries, the business enables these resources to re-enter the manufacturing supply chain. The process includes battery collection, dismantling, black mass production, and the extraction of high-purity minerals for reuse in new battery production. These activities support a circular economy by reducing the need for raw material extraction and providing sustainable solutions for battery waste management.
- Website
- batxenergies.com
- Social
- Email ID
- *****@batx.in
- Phone Number
- +91 **********
- Registered Address
- Office No. 7, 6th Floor, Enkay Tower, Udyog Vihar Phase V, Industrial Complex Dundahera, Gurgaon, Industrial Complex Dundahera, Haryana, India, 122022
Key Metrics
Founded Year
2020
Location
Gurugram, India
Stage
Series A
Total Funding
$18.6M in 7 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jul 01, 2026
Ranked
7th among 86 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
52 as on May 01, 2026
Legal entities associated with BatX Energies
BatX Energies is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BATX ENERGIES PRIVATE LIMITED CIN: U31909HR2020PTC087281 , India, Active | Jul 07, 2020 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 52 (As on May 01, 2026) |
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BatX Energies's funding and investors
BatX Energies has raised a total funding of $18.6M over 7 rounds. Its first funding round was on Nov 11, 2021. Its latest funding round was a Series A round on Jul 01, 2026 for $*****. 6 investors participated in its latest round. BatX Energies has 42 institutional investors and 55 angel investors.
Here is the list of recent funding rounds of BatX Energies:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 01, 2026 | 2657651 | Series A | 8556378 | 1398730 | 7083508 | 8775165 |
Jun 02, 2025 | 3949456 | Conventional Debt | 9727681 | 8720342 | 4320968 | |
Dec 30, 2024 | 2841197 | Seed | 4211048 | 6838273 | 8473813 |
Access funding benchmarks and valuations. Sign up today!View details of BatX Energies's funding rounds and investors
BatX Energies' founders and board of directors
Founder? Claim ProfileThe founders of BatX Energies are Vikrant Singh and Utkarsh Singh. Utkarsh Singh is the CEO of BatX Energies.
Here are the details of BatX Energies' key team members:
- Vikrant Singh: Co-Founder & CTO & Director of BatX Energies and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Utkarsh Singh: Co-Founder & CEO of BatX Energies. They serve on the board of 1 company.Contact Info: 1 phone number
BatX Energies' Board of Directors
BatX Energies's board has 2 active members. Vikrant Singh and Utkarsh Singh are part of team.Here is the list of BatX Energies' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 3m | |
Team | - | Current | 6y 3m |
View details of BatX Energies's Founder profiles and Board Members
BatX Energies' employee count trend
BatX Energies has 52 employees as of May 26. The total employee count is 11.0% more than what it was in May 25. Here is BatX Energies's employee count trend over the years:
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BatX Energies's Competitors and alternates
Top competitors of BatX Energies include Lohum, Attero and Recyclekaro. Here is the list of Top 10 competitors of BatX Energies, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Sustainable critical minerals and advanced materials producer | $135M | 76/100 | ||
2nd | Provider of e-waste and lithium-ion battery recycling solutions | $31.1M | 71/100 | ||
3rd | Recyclekaro 2010, Navi Mumbai (India), Series A | Manufacturer of recycled metals and provider of electronic waste and battery recycling services | $21.8M | 65/100 | |
4th | Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions | $5.85M | 64/100 | ||
5th | Mangrove Lithium 2013, Delta (Canada), Series B | Developer of modular scalable lithium refining technology for battery‑grade production | $46.5M | 64/100 | |
6th | Provider of sustainable battery recycling and recycled raw materials | $71.5M | 63/100 | ||
7th | BatX Energies 2020, Gurugram (India), Series A | Provider of lithium-ion battery recycling and critical mineral recovery services | $18.6M | 63/100 | |
8th |  Aqua Metals 2013, Reno (United States), Public | Provider of battery recycling solutions | $6M | 62/100 | |
9th |  SiTration 2020, Cambridge (United States), Seed | Provider of battery recycling solutions | $17.4M | 62/100 | |
10th | Redwood Materials 2017, Carson City (United States), Series E | Provider of repurposed battery packs for modular energy storage systems | $2.29B | 61/100 |
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BatX Energies's Latest cap tables and shareholding
Founders own 30.42%, Funds (largest shareholder) own 35.86%, Enterprises own 8.42% and Angels own 15.68%. The net worth of BatX Energies's founders is INR 92.1Cr as of Jul 01, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 30.42% | 92.1Cr | 4084957 | 1819761 | 8835078 | 6812993 |
3936483 | 4028652 | 7192110 | 8125069 | 9801314 | 8263147 | |
4848773 | 7023498 | 7819381 | 4256948 | 9780100 | 7546911 | |
Fund | 35.86% | 109Cr | 4661516 | 4813770 | 6526985 | 9254305 |
2833121 | 1932921 | 8390033 | 2010998 | 1186949 | 1392944 | |
7750327 | 8625256 | 3603010 | 9767115 | 3625910 | 2551995 | |
4 | 6 | 2 | 8 | 1 | 1 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 8.42% | 25.5Cr | 8305469 | 7023182 | 9859792 | 9443640 |
Angel | 15.68% | 47.5Cr | 2003819 | 9964347 | 7939014 | 5772619 |
Other People | 0.40% | 1.22Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 9.22% | 27.9Cr | 5825844 | 4382067 | 2491114 | 5043686 |
Total | 100.00% | 303Cr | 2197166 | 2054051 | 9026320 | 8961568 |
To unlock detailed Cap Table of BatX Energies Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of BatX Energies's Shareholding
BatX Energies's Investments and acquisitions
BatX Energies has made no investments or acquisitions yet.
Reports related to BatX Energies
Here is the latest report on BatX Energies's sector:
News related to BatX Energies
Filter this listMedia has covered BatX Energies for 1 event in last 1 year.
•
BatX Energies Raises Rs 105 Cr in Series A Funding Led by IvyCap VenturesEntrackr•Jul 02, 2026•BatX Energies, IvyCap Ventures, Mankind, Zephyr Management
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Battery recycling startups welcome Rs 1,500 Cr incentive to promote mineral recyclingYourStory•Sep 04, 2025•BatX Energies, Metastable Materials, Attero
•
VinFast Signs Agreement with BatX Energies for Battery Recycling and RepurposingThrust Zone•Jul 27, 2025•BatX Energies, VinFast
•
BatX Energies and Rocklink Announce Strategic Indo-German Collaboration to Launch India’s First Rare Earth Magnet Recycling EcosystemEVolution Auto India•Jul 26, 2025•BatX Energies, Rocklink
•
VinFast signs 13 dealer agreements, teams up with BatX for EV battery recyclingBusiness Review Live•Jul 14, 2025•VinFast, BatX Energies
•
VinFast, Indian cleantech firm team up for EV battery recyclingTech in Asia•Jul 13, 2025•VinFast, BatX Energies
•
VinFast Partners BatX Energies For Battery Recycling & Critical Mineral RecoveryInc42•Jul 11, 2025•VinFast, BatX Energies
•
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BatX Energies, LW3 Team Up For Sustainable ESS SolutionsElectronicsforyou•Oct 17, 2024•BatX Energies, LW3
•
BatX is contributing to a circular economy by unbundling used lithium-ion batteriesYourStory•Aug 14, 2024•BatX Energies
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