Black Mass Energies, a Bengaluru-based battery recycling and critical minerals recovery startup, has raised $114,000 (approximately ₹1.1 crore) in an FDI-backed pre-seed funding round led by a US-based angel investor. The investment marks an important milestone for the young company as it seeks to expand its technology capabilities and strengthen its position in India’s rapidly growing battery recycling sector.
The company said the fresh capital will primarily be used to accelerate research and development activities focused on black mass refining, with a particular emphasis on lithium iron phosphate (LFP) batteries. In addition, the funding will support the development of advanced battery recycling technologies, expansion of sales operations, and customer acquisition efforts in both domestic and international markets.
Founded by Shivam Kumar Gupta and Shashank C., Black Mass Energies operates in the emerging field of battery recycling and critical mineral recovery. The company focuses on extracting valuable materials from end-of-life batteries and battery manufacturing waste, helping reduce dependence on imported raw materials while supporting the development of a circular economy for batteries.
As electric vehicle adoption and energy storage deployment continue to grow worldwide, the need for efficient battery recycling solutions is becoming increasingly important. Recycling enables the recovery of valuable materials and helps reduce environmental impacts associated with battery disposal and raw material extraction. Black Mass Energies aims to address these challenges through innovative refining and recovery technologies.
The company reported revenue of approximately ₹2 crore during the previous financial year and stated that it has recorded monthly recurring revenue growth of between 30% and 60% in recent months. This growth reflects increasing demand for battery recycling services and critical mineral recovery solutions from manufacturers, recyclers, and other stakeholders across the battery value chain.
According to the company, the newly raised funds will help strengthen its technology platform and accelerate commercialization efforts. The startup also plans to expand its customer base and explore opportunities in international markets where demand for sustainable battery recycling solutions is rising rapidly.
With governments and industries worldwide focusing on resource security, critical mineral recovery, and sustainable supply chains, battery recycling is emerging as a key component of the clean energy transition. Black Mass Energies believes its technology-driven approach can contribute to building a more resilient battery ecosystem while supporting the growing demand for recycled battery materials in India and beyond.
The funding round highlights growing investor interest in battery recycling startups and underscores the increasing importance of circular economy solutions in the global energy transition. As the battery industry expands, companies like Black Mass Energies are expected to play a crucial role in ensuring the sustainable management and recovery of valuable battery materials.
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