BatX Energies has secured ₹105 crore in a fresh capital injection. This Series A funding round was led by IvyCap Ventures, with participation from existing investors Zephyr Peacock, the Mankind Pharma Family Office, the Excel Industries Family Office, and JITO.The clean-tech company will use the newly raised capital to expand its battery recycling and refining capacity, strengthen research and development, and accelerate the development of a domestic supply chain for critical battery materials. Securing these strategic resources such as lithium, cobalt, nickel, and graphite is increasingly essential for national energy security as India scales electric mobility, renewable energy, and energy storage systems. Beyond domestic expansion, the company aims to scale its model into global markets facing similar supply chain challenges.Speaking on the expansion, Co-founder and CEO Utkarsh Singh noted that the partnership allows them to scale what they have successfully built in India to global markets, adding, “Many countries face the same challenge of securing domestic and sustainable supplies of critical minerals, and we believe BatX can play a meaningful role in enabling circular and resilient supply chains worldwide.”Co-founder and CTO Vikrant Singh emphasized their technological focus, stating, “With four granted patents and several more in the pipeline, we are focused on developing high-yield, cost-effective refining technologies that can scale globally. We are also advancing our capabilities towards the production of Cathode Active Materials (CAM), enabling greater value creation within the battery supply chain.”Highlighting the strategic importance of the sector, Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, commented, “India’s energy transition depends on securing sustainable access to critical minerals. BatX has built a strong technology-led platform for recovering, refining, and reusing battery materials, addressing a challenge of both economic and strategic importance.”Pankaj Raina, Managing Director of Zephyr Peacock, added that the investment “positions the company well to scale its technology, expand capacity, and play an important role in building a circular supply chain for battery materials in India and beyond.”BatX Energies operates as a clean-tech enterprise specialising in lithium-ion battery recycling, critical mineral recovery, and refining. By leveraging proprietary technologies, the platform recovers battery-grade materials from end-of-life batteries and manufacturing scrap, allowing these resources to be seamlessly reintegrated back into the commercial market. The company is actively building the infrastructure required to drive a circular economy, reduce reliance on imported resources, and support the global transition to sustainable energy.Published on July 2, 2026