BatX Energies, a battery recycling and critical minerals recovery startup, has raised Rs 105 crore ($11 million) in a Series A round led by IvyCap Ventures. Existing investors Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office and JITO also participated. The Gurugram-based company, founded by Utkarsh Singh and Vikrant Singh, recovers materials including lithium, cobalt, nickel and graphite from end-of-life batteries and manufacturing scrap. BatX operates a commercial-scale recycling platform and currently supplies recovered battery-grade materials to the market. The funding will expand recycling and refining capacity, strengthen research and development, and accelerate development of a domestic supply chain for battery materials. The company is also developing Cathode Active Materials for lithium-ion battery manufacturing.