BatX Energies secures INR 41 crore in funding to expand its production operations.

BatXenergies successfully raises $5 million (approximately INR 41 crore) in a

funding round led by Zephyr Peacock, with contributions from LetsVenture and other current investors. The company plans to use the newly acquired funds to expand the production of its recycled battery-grade materials, including lithium, nickel, and cobalt. Additionally, BatXenergies intends to establish a comprehensive nationwide reverse logistics network for sourcing materials. The cleantech startup, which boasts recycling 220 million batteries, also aims to strengthen its research and development efforts in the field of battery recycling.