BatX raises $11 million amid battery recycling investment surge
pre-market1 source ↓written by the desknot a recommendation
- ₹2
- $350-500 million
- ₹105 crore
- $11 million
- funding
- $16 million
- already invested
- $180-195 million
India's battery recycling sector is poised for a significant funding boost, potentially attracting $350-500 million (₹2,900-4,150 crore) in the next 2-3 years. BatX Energies recently secured $11 million (₹105 crore) in Series A funding led by IvyCap Ventures, bringing its total funding to nearly $16 million. This follows $180-195 million already invested in the sector, indicating strong growth potential for organized recyclers.
Not investment advice. For informational purposes only.