Black Mass Energies raises $114,000 (₹1.1 crore) in pre-seed funding

Bengaluru-based Black Mass Energies has raised $114,000 (approximately ₹1.1 crore) in an FDI-backed pre-seed funding round led by a US-based angel investor. The company said the funds will be used to support research and development activities, expand commercial operations, and advance its battery recycling technologies.

Black Mass Energies operates in the battery recycling and critical minerals recovery segment, focusing on recovering materials such as lithium, nickel and cobalt from end-of-life lithium-ion batteries. Its current operations include battery material trading, black mass sourcing and supply chain partnerships.

According to the company, the newly raised capital will be deployed towards refining black mass generated from lithium-ion batteries, with a focus on the Lithium Iron Phosphate (LFP) battery segment. The funding will also support the expansion of sales operations, customer acquisition and partnerships in India and international markets.

Commenting on the development, Shivam Kumar Gupta, Co-Founder and CEO of Black Mass Energies, said “This funding marks an important milestone in our journey to build India’s next-generation battery recycling ecosystem. We are aggressively investing in research and development to develop efficient and commercially viable technologies for recovering critical battery materials. As electric vehicle adoption accelerates globally, securing sustainable sources of lithium and other strategic minerals will become increasingly important. This investment allows us to strengthen our R&D capabilities while simultaneously scaling our sales operations and market presence.”

Shashank Chaurasia, Co-Founder of Black Mass Energies, stated that “Over the last several months, we have witnessed strong business momentum, with our monthly recurring revenue growing by approximately 30% to 60% month-on-month. The market demand for sustainable battery materials and recycling solutions continues to strengthen, and we are seeing increasing traction from customers across the value chain. With this funding and our expanding commercial pipeline, we are aiming to close the current financial year with strong growth and some of the best numbers in the company’s history.”

According to Black Mass Energies, it reported revenue of approximately ₹2 crore in the previous financial year and has continued to record growth in the current year through its battery material trading, black mass trading and critical mineral supply chain activities. The company added that it plans to expand its operations and continue developing technologies for the recovery and reuse of battery materials.

Also read: Black Mass Energies surpasses ₹2 crore revenue in FY26, opens seed round for FY27 expansion