Utkarsh Singh and Vikrant Singh founded BatX Energies Pvt. Ltd. (BatX) in 2020 as a battery manufacturing company before pivoting to lithium-ion battery recycling. Despite initial struggles, they focused on exporting black mass, a critical material extracted from used batteries. As global demand for battery recycling grew, BatX faced regulatory challenges and shifting market dynamics. By 2023, the company had expanded its operations in India, prompting a strategic decision: double down on black mass production or invest in chemical recycling innovation. With investor pressure mounting, the co-founders had to assess their technological capabilities, intellectual property potential, and long-term market positioning. Their choice would determine BatX’s scalability and competitiveness in the evolving battery recycling industry.
看看哪些人也有訂購？