Startup Profile
BatX Energies
Legal entity: BatX Energies Private Limited
Recycling lithium-ion batteries to recover critical minerals for India's EV economy.
Funding raised
₹54.78 Cr
Total disclosed
Latest valuation
—
Most recent round
Latest revenue
₹38.60 Cr
FY FY25
Employees
—
FY FY25
Founders
- Utkarsh Singh
Co-founder and CEO of BatX Energies. He leads the company's strategy and commercial expansion in lithium-ion battery recycling and critical mineral recovery.
- Vikrant Singh
Co-founder and CTO of BatX Energies. He leads the development of the company's proprietary hydro-electro battery recycling technology.
Funding rounds
- Pre-Series A2023-12-19₹41.50 CrLed by Zephyr Peacock
- Seed2022-06-24₹13.28 CrLed by JITO Angel Network
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY25 | ₹38.60 Cr | — | — |
The full story
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Timeline
- 2025-07-11VinFast India recycling partnership — Partnered with VinFast India to provide high-voltage battery recycling, material recovery and repurposing for the automaker's manufacturing and after-sales operations.
- 2023-12-19$5M pre-Series A round — Raised $5 million in a pre-Series A round led by Zephyr Peacock to strengthen R&D in battery recycling.
- 2022-06-24Seed funding of $1.6M — Raised $1.6 million in a seed round led by JITO Angel Network to build a commercial-scale critical-mineral extraction facility.
- 2020-07-07Company incorporated — Batx Energies Private Limited incorporated in Haryana (CIN U31909HR2020PTC087281) by Vikrant Singh and Utkarsh Singh.