Funding · Climate, Energy & Sustainability

Black Mass Energies raises pre-seed funding for expansion

By Startup Enthusiast · 20 July 2026

What they do

Black Mass Energies recycles electric vehicle batteries to recover valuable metals like lithium and cobalt

The company raised ₹1.1 crore in a pre-seed round led by a US investor with friends and family support

Revenue grew from ₹2 crore to ₹6.5 crore as the firm targets a new refinery by March 2027

Black Mass Energies has raised ₹1.1 crore in a pre-seed funding round.
A US-based investor led the contribution of ₹1 crore, while friends and family participated.
The funds will be used to expand operational capacity and strengthen research and development efforts.
The startup plans to construct a proprietary hydrometallurgical refinery by March 2027.
Current revenue reached approximately ₹6.5 crore in the first quarter of the current financial year.
This represents significant growth from the previous fiscal year's revenue of around ₹2 crore.
The company operates two facilities across India with a processing capacity of 150 metric tonnes per month.
The company aims to double capacity to 300 metric tonnes per month.

India currently has only 3-4% EV penetration compared to nearly 70% in China.
The first major wave of EV battery retirement is expected between 2028 and 2030.
Proprietary technology achieves over 99% metal recovery through partnerships with IIT Kanpur.

The company operates a B2B end-to-end EV battery recycling ecosystem.
Facilities dismantle and process end-of-life Li-ion batteries into black mass powder containing key metals.
The recovered materials include lithium, nickel, and cobalt essential for new battery production.
Finished products are supplied directly to refineries for creating battery-grade chemical compounds.
The business model relies on high-efficiency recovery rates supported by academic research partnerships.
The upcoming refinery will focus on advanced hydrometallurgical extraction techniques for purity.

US-based investor (Lead) — Contributed ₹1 crore to the pre-seed round.
Friends and family (Participant) — Provided remaining capital for the initial funding round.