Batx Energies, a lithium-ion battery recycling firm, has secured $5 million in a pre-Series A funding round spearheaded by Zephyr Peacock. The funding round also witnessed involvement from Lets Venture, along with existing investors such as JITO Angel Network and the family offices of Mankind Pharma, Excel Industries, and BluSmart. The company intends to use the raised capital to enhance its commercial research and development initiatives, specifically focusing on the extraction of lithium ferro-phosphate salts from used batteries. Moreover, BatX plans to broaden its scope in repair, refurbishment, and recycling operations, as highlighted by CEO Utkarsh Singh.

Singh highlighted the significance of BatX Energies' control over research and development, identifying it as a key factor contributing to the company's competitive pricing. BatX has fostered robust collaborations, particularly with the material science research department at BML Munjal University, to integrate cutting-edge technologies, providing a distinct edge over competitors. Vikrant Singh, Co-Founder and CTO of BatX Energies, expressed the company's commitment to channel resources into pioneering R&D initiatives aimed at elevating the production of superior battery-grade materials. He mentioned that this investment accelerates their mission to expand globally and establish micro facilities across the nation, envisioning a future where clean energy becomes a standard rather than a choice.

Moreover, in addition to enhancing critical material extraction and refining capacities through hy-electro-based processes, BatX Energies plans to advance commercial R&D for developing pCAM (precursor cathode active material) from recycled battery minerals. The company also aims to commence production for second-life stationary energy storage applications. pCAM, crucial in lithium-ion batteries, comprises nickel, cobalt, and other chemicals in a powder-like form. Established in 2020 by Utkarsh Singh and Vikrant Singh, BatX Energies is dedicated to employing eco-friendly, reusable, chemical-based extraction technologies for lithium-based batteries, with a specific focus on minimizing operational and capital expenses. The company operates from the Sikandrabad Industrial Area in Bulandshahr, Uttar Pradesh.