- The investment aims to fuel market expansion and bolster recycling operations throughout India.
- Co-founded by Utkarsh Singh and Vikrant Singh, BatX Energies offers end-to-end recycling and refurbishing solutions for Original Equipment Manufacturers (OEMs) by converting used batteries into high-quality battery-grade materials.
- The company boasts extracting 99.95% pure Lithium, Nickel, and Cobalt from the black mass, resulting in high yield.
- BatX Energies states it has already recycled 220 million batteries, aligning its efforts with global sustainability objectives, including the UN’s 17 Sustainable Development Goals.
- Additionally, the startup is actively engaging local scrap collectors, integrating them into the formal sector, and establishing a dependable supply chain, thereby contributing to socio-economic upliftment.