Gurugram-based cleantech startup BatX Energies raised Rs 105 crore in a Series A round led by IvyCap Ventures, with Zephyr Peacock and Mankind Pharma’s family office also participating.
The company works on battery recycling and materials recovery, addressing waste from electric vehicle and electronics supply chains. Government incentives for circular economy businesses have improved the sector’s funding outlook.
India’s EV adoption push has raised questions about end-of-life battery management. Startups offering recycling technology are positioning themselves as essential infrastructure partners.
BatX Energies plans to scale processing capacity and deepen partnerships with manufacturers seeking sustainable sourcing.
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Sources:
https://yourstory.com/2026/07/startup-news-and-updates-daily-roundup-july-2-2026