Gurugram-based cleantech startup BatX Energies has raised ₹105 crore in a Series A round led by IvyCap Ventures, with participation from existing investors Zephyr Peacock, Mankind Pharma Family Office, Excel Industries Family Office, and JITO. The round arrives as India’s electric vehicle ecosystem pushes battery recycling and second-life materials recovery further up the priority list, with policymakers and manufacturers alike looking to reduce dependence on imported lithium, cobalt, and nickel.