BatX Energies | EV Battery Recycling & Mineral Recovery BatX Energies | EV Battery Recycling & Mineral Recovery

BatX Energies | EV Battery Recycling & Mineral Recovery

Sustainable Development Goals

SDG 12 – Responsible Consumption and Production, SDG 13 – Climate Action, SDG 9 – Industry Innovation and Infrastructure

Company Overview

BatX Energies is a Gurugram-based deep-tech materials company that recovers battery-grade critical minerals from end-of-life lithium-ion batteries. Founded in 2020 by Utkarsh Singh and Vikrant Singh, both engineering graduates of BML Munjal University, the company operates physical recycling infrastructure rather than functioning as a waste broker or trading intermediary.

The company’s core process is an indigenously developed, low-temperature, low-pressure hydrometallurgical technology that is agnostic to battery chemistry, handling NMC, LFP, LCO, and mixed lithium-ion streams across pack, module, prismatic, cylindrical, and pouch form factors. The process runs in two stages: mechanical preprocessing that produces “black mass,” followed by hydrometallurgical refining that extracts battery-grade lithium carbonate, cobalt sulphate, nickel sulphate, and manganese carbonate.

BatX operates its primary Critical Minerals Extraction facility, HUB-1, in Sikandrabad, Bulandshahr district, Uttar Pradesh, alongside a corporate and engineering office in Gurugram, Haryana. The company follows a hub-and-spoke model, with a wider network of smaller collection and preprocessing facilities feeding the central hydrometallurgical hub.

Since its founding, BatX has scaled from a pilot operation into a commercial-stage recycler, securing government research support, institutional investment, and a growing set of industrial partnerships with electric vehicle manufacturers and battery producers. The company is also extending into rare earth magnet recycling and cathode active material development as adjacent lines of business.

Why These SDGs Matter

BatX Energies directly advances SDG 9 through its indigenously developed and patented hydrometallurgical recycling infrastructure, built and engineered in-house rather than imported, and supported by India’s Technology Development Board for process commercialization. This reflects genuine investment in domestic industrial innovation and critical minerals infrastructure. SDG 12 is centrally relevant because the company’s entire business model is the recovery and reintroduction of lithium, cobalt, nickel, and manganese from spent batteries back into manufacturing supply chains, extending material lifecycles and reducing dependence on virgin extraction. SDG 13 applies because recovering battery metals through hydrometallurgical processing, rather than mining and pyrometallurgical smelting, is associated with materially lower energy intensity and emissions, directly supporting decarbonization of the battery and EV supply chain that BatX’s industrial customers depend on.

Products & Services
  • Lithium-ion battery recycling and black mass production
  • Hydrometallurgical critical mineral extraction and refining
  • Battery-grade lithium carbonate (industrial and battery grade)
  • Battery-grade cobalt sulphate
  • Battery-grade nickel sulphate
  • Battery-grade manganese carbonate/sulphate
  • Industrial-grade sodium sulphate (process by-product)
  • Extended Producer Responsibility (EPR) compliance support for OEMs and brand owners
  • Second-life EV battery repurposing and refurbishing
  • Secondary material recovery (plastics, aluminium, copper, steel)
Business Challenges Solved
  • Domestic scarcity of battery-grade lithium, cobalt, nickel, and manganese
  • Compliance burden for OEMs under India’s Battery Waste Management Rules, 2022
  • Lack of a traceable, documented destination for end-of-life EV and industrial battery packs
  • Import dependence for critical battery minerals
  • Safe handling and discharge of hazardous end-of-life lithium-ion cells
  • Limited domestic recycling capacity for diverse battery chemistries and form factors
  • Absence of a formal second-life pathway for used EV battery packs
Approach & Methodology

BatX’s methodology centers on an in-house, patented, chemistry-agnostic hydrometallurgical platform, developed over several years without reliance on imported recycling machinery. The process begins with discharge and stabilization of incoming cells and packs, followed by automated and semi-automated mechanical dismantling, shredding, and screening, which also recovers secondary materials such as aluminium, copper, steel, and plastics.

The resulting black mass, a concentrated intermediate containing lithium, cobalt, nickel, manganese, and graphite, is then processed through a dual-mode (wet and dry) recovery system before undergoing hydrometallurgical refining. This stage uses low-temperature, low-pressure chemical extraction rather than high-temperature pyrometallurgy, which the company states results in lower energy intensity and higher material selectivity. Recovery rates across the process are reported at 97 to 99 percent.

The entire technology stack, from collection logistics through downstream purification, has been developed and patented internally, with seven patent applications filed and two granted as of the company’s most recent public disclosures, and financial support for commercialization received from India’s Technology Development Board (Department of Science and Technology). BatX is also developing capabilities in cathode active material (CAM) production and, through a 2025 memorandum of understanding with Germany’s Rocklink GmbH, is extending its hydrometallurgical and solvent-extraction expertise into rare earth magnet recycling under the EU-India Trade and Technology Council framework.

Market Position

BatX operates in India’s emerging lithium-ion battery recycling and critical minerals recovery sector, competing with players such as Lohum, Attero Recycling, and Metastable Materials. Its primary customers are electric vehicle OEMs, battery cell and cathode manufacturers, and industrial buyers of recovered lithium, cobalt, nickel, and manganese compounds. The company has secured a commercial partnership with VinFast India for high-voltage EV battery recycling and repurposing, positioning it within the supply chains of at least one global EV manufacturer’s Indian operations. Its differentiation rests on fully indigenous, patented process technology rather than licensed or imported recycling equipment, and on a hub-and-spoke facility model designed to reduce the logistics risk of transporting hazardous battery waste across India.

Procurement Considerations
  • Confirm current EPR authorization status and registered categories under the Battery Waste Management Rules, 2022
  • Request certificates of analysis for material purity against required battery-grade specifications
  • Verify chain-of-custody and traceability documentation for feedstock and recovered materials
  • Assess processing and offtake capacity against your organization’s volume requirements
  • Confirm packaging formats and logistics arrangements for both feedstock delivery and material offtake
  • Clarify commercial terms for pilot or trial batches before formal offtake agreements
  • Review chemistry compatibility for your specific battery types and form factors
  • Confirm lead times given the company’s ongoing capacity expansion following its 2026 Series A round
Funding, Recognition & Ecosystem
  • Series A funding of approximately ₹105 crore (around $11-12 million) led by IvyCap Ventures, announced July 2026, with participation from Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO
  • Pre-Series A funding of $5 million led by Zephyr Peacock India, with participation from LetsVenture and JITO Angel Network, announced December 2023
  • Financial support from the Technology Development Board (Department of Science and Technology, Government of India) for commercialization of its recycling technology
  • CNBC-TV18 IBLA Award 2024 for contribution to climate consciousness
  • Forbes 30 Under 30 Asia (2023), Industry, Manufacturing & Energy category, for the founding team
  • Strategic partnership with VinFast India (July 2025) for high-voltage battery recycling and repurposing
  • Memorandum of understanding with Rocklink GmbH (Germany, July 2025) to establish a rare earth magnet recycling and refining ecosystem under the EU-India Trade and Technology Council
Natnavi Analysis

BatX Energies occupies a strategically significant position in India’s push for critical minerals self-reliance, addressing a genuine supply gap as the country’s electric vehicle and energy storage sectors scale faster than domestic mineral extraction capacity. The company’s emphasis on fully indigenous process development, rather than imported or licensed recycling technology, is corroborated across government, industry, and press sources, and its Technology Development Board backing lends some third-party validation to its technical claims.

Its commercial trajectory is notable: from pilot-stage operations in 2022 to a Series A round led by an institutional investor in 2026, alongside a named partnership with a global EV manufacturer’s Indian operations. The extension into rare earth magnet recycling, in partnership with a German specialist, suggests an ambition to broaden beyond lithium-ion batteries into the wider critical minerals recovery space.

That said, publicly available figures for total funding raised, patent counts, and lifetime batteries processed vary meaningfully across sources, and the company has not published independently audited operational or environmental performance data. Its claims of 97-99 percent recovery efficiency and near-total purity are consistent across company and press materials but are not verified by an independent third party in the sources reviewed. As with most young deep-tech recyclers, execution risk around scaling hydrometallurgical capacity while maintaining quality and safety standards remains a relevant consideration for partners and buyers.

Sources & References
  • Inc42: “Battery Tech Startup BatX Energies Nets ₹105 Cr To Bolster R&D” (July 2026)
  • YourStory: “Cleantech startup BatX raises Rs 105 Cr in Series A round led by IvyCap Ventures” (July 2026)
  • Technology Development Board (Government of India): “TDB supports BatX Energies for Commercialisation of Indigenous Battery Recycling Technology”
  • Business Standard: “VinFast partners BatX Energies for battery recycling, repurposing in India” (July 2025)
  • The Better India: “Why A Startup is Recycling 220 Million Li-ion Batteries For EV Makers, Solar Chargers & More”
Founded: 2020
Company Stage: Growth-Stage Company
Headquarters
Gurugram, Haryana, India
Geographic Presence
BatX operates primarily within India, with its main processing hub in Sikandrabad, Uttar Pradesh, and a network of collection and preprocessing facilities feeding that hub from other states. The company supplies recovered battery-grade materials to domestic cathode and cell manufacturers and has stated an intent to supply international buyers as it scales. Its 2025 collaboration with Germany’s Rocklink GmbH extends its technology partnerships into Europe under the EU-India Trade and Technology Council.
Solution Type
Manufacturer, Technology Provider
Sustainability Outcomes
Carbon Reduction, Critical Minerals Recovery, Resource Efficiency, Waste Reduction
Industries Served
Automotive & Electric Mobility, Battery and Energy Storage, Energy & Utilities, Manufacturing
Last Reviewed: August 23, 2026

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