Overview
BatX Energies is a new player in the market committed to ensuring sustainable practices for the recovery of valuable materials. This includes important resources like Lithium, recovered from end-of-life Li-ion batteries.
To do this, the company follows an innovative recycling approach. Their core objective is to build a circular economy for sustainability. After securing additional funding recently, the company is all set to expand its logistics and manufacturing sectors.
This will help it advance its impact on recycling and sustainability. More active initiatives include climate goals and energy among many others. The startup aims to ensure net zero by 2070 - zero waste and zero emissions for the recycling process.
Image source: The Economic Times, Tech
Management Team
Utkarsh Singh, Co-Founder & CEO
Batx
Entrepreneurial Journey: Utkarsh Singh, with a diverse background, has engaged in battery production, electric racing cars, CSR, and music video production.
Vikrant Singh, Co-Founder & CTO
Batx
Technical Expertise: Vikrant Singh, recognized as a machine whisperer, brings a deep understanding of technology.
Company Highlights
- Founding Year: BatX Energies was founded on July 7, 2020
- Funding: Total Funding: $6.96M
- Latest Funding Round: $5M (Seed), Dec 19, 2023
- Valuation: As of May 20, 2022, BatX Energies is valued at $6.73M
- Annual Revenue: As of March 31, 2022, the company reported $63.4K
- As of May 20, 2022, Founders hold 45.38% at a net worth of INR 23.7Cr
- Investors: Zephyr Peacock, Innovation Foundation, JITO Incubation, Tejas Shah, Survam Partners
- Industry: Environment Tech
- Google Rating: BatX Energies holds a reputable Google rating of 4.5/5
Products
Black Mass Battery Recycling Powder
Composition: This proprietary product comprises Lithium, Cobalt, Nickel, Manganese, and Graphite, exhibiting an impressively low impurity level of less than 1%.
Significance: Black Mass serves as a crucial raw material, extracted through BatX's specialized process, ensuring high purity for subsequent use.
Quality Assurance: BatX extracts high-quality micronized Lithium Carbonate from used Lithium-ion batteries.
Versatility: This Lithium Carbonate finds applications in various industries, from battery cell production to glass and ceramics manufacturing.
Cobalt Sulphate (Co)
Premium Grade: Extracted from end-of-life Lithium-ion batteries, BatX produces premium-grade Cobalt Sulphate.
Application: Ideal for the production of cathode materials that contain Cobalt. These materials are important components in Li-ion and Li polymer battery cells.
Nickel (Ni)
Purity: The high-purity Nickel Sulphate extracted from spent batteries helps create Lithium-ion and Lithium polymer batteries. It is very pure and can create high quality end products.
Manganese (Mn)
Quality Output: BatX extracts high-grade Manganese Carbonate, offering versatility in chemical applications and contributing to the manufacture of Lithium-ion battery cells.
Secondary Products
Extraction Process: Utilizing a Mechanical Process, BatX efficiently extracts high-grade Plastic, Aluminium, Steel, and Copper.
Market Contribution: These products are made available for sale, contributing to a sustainable supply chain for various industries.
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