Black Mass Energies Raises ₹1.1 Crore in FDI-Backed Pre-Seed Round

Black Mass Energies has raised $114,000 (₹1.1 crore) in an FDI-backed pre-seed funding round led by a US-based angel investor.

Founded by Shivam Kumar Gupta and Shashank Chaurasia, the company operates in battery recycling and critical minerals recovery. Its activities include battery material trading, black mass sourcing, and supply-chain partnerships. The company focuses on recovering materials such as lithium, nickel, and cobalt from end-of-life lithium-ion batteries.

The funding will be used to expand research and development, advance battery recycling technologies, and scale sales operations. It will also support customer acquisition and the development of strategic partnerships.

A key area of research is the refining of black mass generated from lithium-ion batteries, including materials from Lithium Iron Phosphate (LFP) batteries. The company also plans to expand its commercial operations in India and international markets.

Black Mass Energies reported revenue of approximately ₹2 crore in the previous financial year. According to the company, growth in the current year has been driven by battery raw material demand, black mass trading, and critical mineral supply-chain activities.

Shivam Kumar Gupta, Co-Founder & 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, commented, “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.”

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