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Battery Recycling Startup Batx Raises $5 Million In Funding From Zephyr Peacock, Lets Venture

PRIVATEDec 19, 2023•over 2 years ago

Amount Raised

$5 Million

Round Type

Funding Round

GurugramChemical Raw Materials Manufacturing

Description

Lithium battery recycling startup BatX Energies said on Tuesday it has raised $5 million in funding from Zephyr Peacock and Lets Venture. Existing investors JITO Angel Network and the family offices of Mankind Pharma, Excel Industries and BluSmart also participated in the round.The startup said the funds will be used for market expansion and to scale up recycling operations across the country.

Company Information

Company

BatX Energies

Location

Gurugram, Haryana, India

About

Producing Lithium Ion Battery Grade Materials (Co, Ni, Li, Mn) infinitely by Closed Loop Recycling.

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