When was BatX Energies founded?

BatX Energies was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is BatX Energies located?

BatX Energies is headquartered in Gurugram, India. It is registered at Office No. 7, 6th Floor, Enkay Tower, Udyog Vihar Phase V, Industrial Complex Dundahera, Gurgaon, Industrial Complex Dundahera, Haryana, India, 122022.

Who is the current CEO of BatX Energies?

Utkarsh Singh of BatX Energies. They have also founded 1 company.

Which legal entities is BatX Energies associated with?

BatX Energies is associated with BATX ENERGIES PRIVATE LIMITED.

How many employees does BatX Energies have?

As of May 01, 2026, BatX Energies has 52 employees, reflecting a 11% year-over-year growth in headcount.

Is BatX Energies a funded company?

BatX Energies is a funded company, having raised a total of $18.6M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 11, 2021.

How much is BatX Energies worth?

The latest valuation of BatX Energies is $***** as of Jul 01, 2026. This marks a decline of 2% from its peak valuation of $32.5M in Nov, 2021. This marks a decline of 2% from its peak valuation of $32.5M in Nov, 2021.

When was the latest funding round of BatX Energies?

BatX Energies' latest funding was a $***** Series A round on Jul 01, 2026, with participation from 6 investors. Its primary sector is Energy Storage Tech. In India, the Energy Storage Tech sector has seen $423M in funding in 2026 to date.

What is the annual revenue of BatX Energies?

Annual revenue of BatX Energies is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does BatX Energies rank among its competitors?

BatX Energies ranks 7th amongst 86 active competitors, of which 38 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Lohum, which secured $24M in Jul, 2026.

Who are the top competitors of BatX Energies?

BatX Energies' top competitors include Lohum, Attero and Recyclekaro. Among them, Lohum secured the most recent funding round in July, 2026.

BatX Energies - 2026 Company Profile, Team, Funding, Competitors & Financials

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

Series A, Jul 01, 2026, $*****

Post Money Valuation

$***** as on Jul 01, 2026

Investors

Exim Bank & 96 more

Ranked

7^th among 86 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

52 as on May 01, 2026

Similar Companies

Lohum & 68 more

View BatX Energies' full profile

BatX Energies is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
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)

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 01, 2026	8811723	Series A	6366399	5361764	6377708	5371444
Jun 02, 2025	3993840	Conventional Debt	7906930	8432256	3640902	Technology Development Board
Dec 30, 2024	2461277	Seed	3822326	6349784	6848057	Venture Catalysts

Access funding benchmarks and valuations. Sign up today!

View details of BatX Energies's funding rounds and investors

The 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
Vikrant Singh	Team	-	Current	6y 3m
Utkarsh Singh	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:

Uncover BatX Energies' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

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:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lohum 2018, Noida (India), Series C	Sustainable critical minerals and advanced materials producer	$135M	Baring Private Equity Partners, Cactus Partners ... & 132 others	76/100
2nd	Attero 2008, Noida (India), Series C	Provider of e-waste and lithium-ion battery recycling solutions	$31.1M	IFC, IndoUS Venture Partners & 10 others	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	LRT, Vikasa Capital & 114 others	65/100
4th	MiniMines 2020, Bengaluru (India), Series A	Provider of lithium-ion battery recycling and commodity extraction clean-tech solutions	$5.85M	Shastra, Micelio & 23 others	64/100
5th	Mangrove Lithium 2013, Delta (Canada), Series B	Developer of modular scalable lithium refining technology for battery‑grade production	$46.5M	BMW i Ventures, Breakthrough Energy & 10 others	64/100
6th	Cylib 2022, Aachen (Germany), Series A	Provider of sustainable battery recycling and recycled raw materials	$71.5M	World Fund, Porsche Ventures & 15 others	63/100
7th	BatX Energies 2020, Gurugram (India), Series A	Provider of lithium-ion battery recycling and critical mineral recovery services	$18.6M	Parishi Capital, Exim Bank & 95 others	63/100
8th	Aqua Metals 2013, Reno (United States), Public	Provider of battery recycling solutions	$6M	Liquid Venture Partners, Herald Investment Management ... & 4 others	62/100
9th	SiTration 2020, Cambridge (United States), Seed	Provider of battery recycling solutions	$17.4M	2150.VC, Azolla Ventures & 9 others	62/100
10th	Redwood Materials 2017, Carson City (United States), Series E	Provider of repurposed battery packs for modular energy storage systems	$2.29B	T. Rowe Price, Capricorn & 30 others	61/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on BatX Energies's competitors? Click here to see the top ones

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. The cap table displayed below is for BATX ENERGIES PRIVATE LIMITED which is the legal entity associated with BatX Energies.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	30.42%	92.1Cr	3475879	2140633	3772333	3821797
Utkarsh Singh	1550540	8139122	1753321	4146969	2219932	1651012
Vikrant Singh	1214930	1693133	6147884	8585364	6459270	4147884
Fund	35.86%	109Cr	3307871	2245324	5056909	3159075
IvyCap Ventures	5051629	8184771	5338815	4257538	7346037	6040080
Zephyr Peacock	9884342	5786796	6395758	1420822	7093701	2227098
Exim Bank	2	4	6	4	8	4
Venture Catalysts	0	0	0	0	0	0
Enterprise	8.42%	25.5Cr	3148846	4577070	4971145	6266283
Angel	15.68%	47.5Cr	3312964	8356862	7945763	7391949
Other People	0.40%	1.22Cr	0	0	0	0
ESOP Pool	9.22%	27.9Cr	2134478	8154134	2859171	8103242
Total	100.00%	303Cr	6413375	5835559	4513905	3160651