BatX Energies
BatX Energies is an India-based lithium-ion battery recycler that uses a proprietary Net Zero Waste, Zero Emissions process to recover critical minerals (Lithium, Cobalt, Nickel, Manganese) and Black Mass from end-of-life batteries. It sells recovered battery-grade materials to EV manufacturers, battery makers, and industrial clients, with VinFast Auto India as a flagship enterprise customer.
- Company typePrivate
- Founded2020
- HeadquartersHaryana, India
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What BatX Energies does
BatX Energies Private Limited, founded in 2020 and headquartered in Gurugram, Haryana, operates an end-of-life lithium-ion battery recycling platform targeting the circular economy for critical battery materials in India. The company serves EV manufacturers, battery manufacturers, and industrial battery users, recovering critical minerals (Lithium as Lithium Carbonate, Cobalt as Cobalt Sulphate, Nickel as Nickel Sulphate, and Manganese as Manganese Carbonate) from used cells, and extracting Black Mass containing these materials with stated impurity levels below 1%. Secondary mechanical outputs (Plastic, Aluminium, Copper, Steel) are recovered and sold to third-party recyclers.
The underlying technology is an in-house proprietary "Net Zero Waste, Zero Emissions" recycling process, marketed as the only such process in India, with a stated 95% recyclability rate and energy savings of up to 30% in downstream battery manufacturing. The product chain runs from Black Mass (an intermediate) through four battery-grade critical mineral outputs, plus secondary materials, producing a closed-loop offering for cathode and cell makers. The platform is being extended into rare earth magnet recycling through a partnership with Germany's Rocklink GmbH, including a planned processing plant at Rocklink India's Sikandrabad, Uttar Pradesh site.
Revenue is generated primarily through B2B transaction-based sale of recovered materials (Black Mass, critical mineral salts, secondary metals) and professional recycling services. Pricing is quote-based and undisclosed, with multi-year enterprise contracts and direct sales motion via the corporate website and business development outreach. Named enterprise customers include VinFast Auto India under a strategic partnership covering battery recycling and repurposing for VF 6 and VF 7 EV launches. Capital to date totals approximately $6.6 million across a 2022 $1.6M seed/angel round and a December 2023 $5M Pre-Series A led by Zephyr Peacock.
BatX Energies firmographics
Firmographics- Name
- BatX Energies
- Legal name
- Batx Energies Private Limited
- Website
- https://batxenergies.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- BatX Energies is an India-based lithium-ion battery recycler that uses a proprietary Net Zero Waste, Zero Emissions process to recover critical minerals (Lithium, Cobalt, Nickel, Manganese) and Black Mass from end-of-life batteries. It sells recovered battery-grade materials to EV manufacturers, battery makers, and industrial clients, with VinFast Auto India as a flagship enterprise customer.
- Ownership category
- akta.pro rank
BatX Energies industry classification
Industry- Product category
- Battery Recycling
- NAICS
- Nonferrous Metal (except Aluminum) Smelting and Refining (33141)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF)
- akta.pro secondary industries
- Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ), Battery Scrap & Recycling Feedstock (Lead-Acid, Li-ion Black Mass Feedstock, NiMH) (IMAKAMAH)
Keywords
Where BatX Energies is headquartered
LocationHeadquarters
- HQ city
- Haryana
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
BatX Energies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Critical Minerals Sale: Sale of recovered critical minerals including Lithium Carbonate, Cobalt Sulphate, Nickel Sulphate, and Manganese Carbonate extracted from end-of-life lithium-ion batteries for use in new battery manufacturing.
- Black Mass Sale: Production and sale of Black Mass containing valuable battery materials (Lithium, Cobalt, Nickel, Manganese, Graphite) with less than 1% impurities to battery manufacturers and recyclers.
- Secondary Materials Sale: Sale of recovered secondary products including high-grade Plastic, Aluminium, Steel and Copper extracted through mechanical processing.
- Battery Recycling Services: Battery recycling and repurposing services for EV manufacturers and industrial clients, recovering critical materials including lithium, cobalt, and nickel from high-voltage batteries for reintegration into future battery production.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom enterprise pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
BatX Energies product offering
Product offeringCore offering
BatX Energies recycles end-of-life lithium-ion batteries using a proprietary Net Zero Waste, Zero Emissions process to recover critical minerals. It produces Black Mass and battery-grade Lithium Carbonate, Cobalt Sulphate, Nickel Sulphate, and Manganese Carbonate, along with secondary materials such as Plastic, Aluminium, Steel, and Copper for sale to battery manufacturers and recyclers.
Product overview
BatX Energies operates as a battery recycling company offering a unified recycling service built around its proprietary Net Zero Waste and Zero Emissions process. The company extracts critical materials from end-of-life Lithium-ion batteries, producing six main products: Black Mass (an intermediate product containing Lithium, Cobalt, Nickel, Manganese and Graphite), followed by four refined critical mineral products (Lithium Carbonate, Cobalt Sulphate, Nickel Sulphate, and Manganese Carbonate), plus Secondary Products (Plastic, Aluminium, Steel and Copper). The products form a vertical recovery chain where Black Mass is further processed into battery-grade critical minerals that feed back into new battery manufacturing, establishing a circular economy model.
Differentiator
Problem solved
Functional benefit
Products and services
- Black Mass Black Mass extracted from used Lithium-ion batteries containing Lithium, Cobalt, Nickel, Manganese, and Graphite with less than 1% impurities; intermediate product for further processing into battery-grade materials.
- Lithium Carbonate High-quality micronized Lithium Carbonate extracted from used Lithium-ion batteries, suitable for battery cells, glass, and ceramics manufacturing.
- Cobalt Sulphate Premium-grade Cobalt Sulphate extracted from end-of-life Lithium-ion batteries for production of Cobalt-containing cathode materials for Lithium-ion and Lithium polymer battery cells.
- Nickel Sulphate High-purity Nickel Sulphate extracted from spent Lithium-ion batteries for production of Lithium-ion and Lithium polymer batteries.
- Manganese Carbonate High-grade Manganese Carbonate extracted from spent Lithium-ion batteries for use in chemical applications and Lithium-ion battery cell manufacture.
- Secondary Products High-grade Plastic, Aluminium, Steel and Copper extracted through mechanical processing, available for sale to recyclers.
- Battery Recycling and Repurposing Services End-to-end battery recycling and repurposing services for EV manufacturers and industrial clients, recovering critical materials including lithium, cobalt, and nickel from high-voltage batteries for reintegration into future battery production.
Quantifiable outcome
- 95% recyclability rate for lithium-ion batteries
- +2 more outcomes
Companies that use BatX Energies
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
BatX Energies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
BatX Energies partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Rocklink IndiaflagshipStrategic partnership to develop a rare earth processing plant at Rocklink's Sikandrabad facility in Uttar Pradesh. BatX Energies will develop the rare earth processing plant at the same site within one year, supporting India's rare earth magnet supply chain development.
- VinFast Auto IndiacoreStrategic partnership for battery recycling and repurposing services for VinFast's electric vehicle operations in India. BatX will recover critical materials including lithium, cobalt, and nickel from high-voltage batteries for reintegration into future battery production, supporting VinFast's VF 6 and VF 7 EV launches.
- Rocklink GmbH (Germany)flagshipPartnership with German company Rocklink GmbH to establish India's first fully integrated rare earth magnet recycling facility through BatX Energies. Part of India's National Critical Minerals Mission supporting rare earth recovery from e-waste.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
BatX Energies competitors and assessment
Company assessmentDirect peers
- Lohum Cleantech: India-based lithium-ion battery recycling and repurposing company producing battery-grade materials. Direct peer to BatX given similar Li-ion recycling model, Indian geography, and EV/battery manufacturer customer base.
- Attero Recycling: India's largest e-waste and lithium-ion battery recycling company with proprietary hydrometallurgical processes. Comparable to BatX in Li-ion recycling, critical mineral recovery, and India-focused operations.
Broad incumbents
- Tata Group (Tata Chemicals / Agratas): Large Indian conglomerate with interests spanning battery materials, cell manufacturing (Agratas), and emerging recycling activities. Comparable as a broad incumbent that can vertically integrate recycling with cell manufacturing, posing both partnership and competitive threat to BatX.
- Amara Raja Batteries: Major Indian battery manufacturer (lead-acid and emerging Li-ion) with announced ambitions in lithium-ion cell and recycling capacity. Overlaps with BatX's customer base and is exploring adjacent recycling capabilities.
- Exide Industries: India's leading storage battery manufacturer, expanding into lithium-ion. As a leading OEM with EPR obligations, it is both a potential large customer for BatX and a potential vertically integrated recycler competitor.
- Redwood Materials: US-based, well-funded battery recycling and cathode active material producer founded by a former Tesla CTO. Comparable to BatX on Li-ion recycling, Black Mass, and battery-grade CAM production; an indicator of the category BatX operates in and a potential global competitor or partner.
- Li-Cycle: Public, large-cap lithium-ion battery recycler operating a global hub-and-spoke network producing Black Mass. Comparable to BatX in feedstock processing and Black Mass output, and a benchmark for what scaled Li-ion recycling infrastructure looks like.
- Ascend Elements: US-based lithium-ion battery recycler producing Black Mass and precursor cathode active material (pCAM) from spent batteries. Comparable in the move from recycling into battery-grade materials, mirroring BatX's vertical integration thesis.
- Cirba Solutions: North American battery materials and recycling company with collection, processing, and refining capabilities. Comparable in end-to-end Li-ion recycling and critical mineral recovery, providing a benchmark for category economics.
- GEM Co. Chinese battery recycling and new energy materials company, one of the world's largest Li-ion recyclers. Comparable to BatX in producing battery-grade nickel, cobalt, and lithium salts from spent batteries, and a likely competitor as Chinese players eye Indian markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
BatX Energies social profiles
Digital presenceBatX Energies financial estimates
Financial estimateRevenue estimate
Valuation estimate
BatX Energies leadership team
Management profileNumber of profiles
Profiles1 record
BatX Energies funding detail
Funding detailFunding overview
Funding rounds3 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BatX Energies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BatX Energies
What does BatX Energies do?
BatX Energies recycles end-of-life lithium-ion batteries using a proprietary Net Zero Waste, Zero Emissions process to recover critical minerals. It produces Black Mass and battery-grade Lithium Carbonate, Cobalt Sulphate, Nickel Sulphate, and Manganese Carbonate, along with secondary materials such as Plastic, Aluminium, Steel, and Copper for sale to battery manufacturers and recyclers.
Is BatX Energies a public or private company?
BatX Energies is a private company. It is classified as venture growth investor backed and is currently operating.
When was BatX Energies founded?
BatX Energies was founded in 2020. It employs 51 to 100 people.
Where is BatX Energies based?
BatX Energies is headquartered in Haryana, India, in the Asia region.
How does BatX Energies make money?
Four revenue lines are on record. Critical Minerals Sale is the primary driver. The others are black Mass Sale, secondary Materials Sale and battery Recycling Services.
Who are BatX Energies's main competitors?
Direct peers on record are Lohum Cleantech and Attero Recycling. Broad incumbents are Tata Group (Tata Chemicals / Agratas), Amara Raja Batteries, Exide Industries, Redwood Materials, Li-Cycle, Ascend Elements, Cirba Solutions and GEM Co..
Does BatX Energies have an API?
No public API is recorded for BatX Energies.
What industry is BatX Energies in?
BatX Energies's product category is Battery Recycling. Its primary akta.pro industry code is EUAIAIAF, Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling), with a secondary code of EUAMALAE, Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid). Its NAICS code is 33141 and its SIC code is 1000.