BatX Energies: The Leading Lithium Ion Battery Recycling Company raises USD 5 million though Zephyr Peacock to Fund Expansion Plans. BatX Energies is the India’s largest Lithium(Li) Ion Battery Recycling Company which produces battery grade materials to create eco-friendly sustainable energy source.
The infusion of fresh funds will help scale up recycled battery-grade lithium, nickel and cobalt production and establish a secured nationwide reverse logistics network for sourcing.
“Through strategic allocation of these funds, we’re poised to power our vision of sustainable energy solutions. We’re directing resources towards pioneering R&D initiatives, elevating the production of superior battery-grade materials,” BatX Energies Co-founder & CTO Vikrant Singh said.
He further said, “This investment propels our mission to expand globally and establish micro facilities nationwide, fostering a future where clean energy is not just a choice, but a standard.” On the investment, Zephyr Peacock Managing Director Pankaj Raina said India is witnessing rapid adoption of electric vehicles (EVs) and personal electronics. This rapid growth has led to an increase in demand for raw materials, most of which are imported.
“BatX solves this issue by converting used batteries into critical materials for new batteries. The company is poised to become a crucial stakeholder in the battery supply chain in India as recyclers will be a significant source of critical materials for Li-ion battery manufacturing,” he added.
Leading the way in lithium-ion battery recycling solutions is BatX Energies. Reusing end-of-life lithium-ion batteries is how BatX Energies plans to provide a sustainable energy source.
How? BatX Energies recycles used lithium-ion batteries in a novel way to recover valuable materials. BatX can remove black mass from the batteries with less than 1% impurity with its approach. High-grade lithium, nickel, cobalt, and manganese are extracted from the black mass and can be utilized again to create new lithium-ion cells. To support a more environmentally friendly production process, BatX Energies also recovers secondary goods such as premium plastic, aluminum, copper, and stainless steel.
BatX Energies is committed to international initiatives related to Climate Goals, Energy, and Circular Economy including the UN’s 17 Sustainable Development Goals (SDGs) and Net-Zero by 2070. BatX’s drive to a greener future is evident in its commitment to these ideals.
