India
The raise comes less than twelve months after Aukera closed a $15m equity round.
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The fresh capital will be utilised to expand market presence.
BatX plans to expand recycling and refining capacity and strengthen R&D.
Existing investors Cactus Venture Partners and India Alternatives also joined the round.
Singapore
Amigos Venture Capital anchored the pre-seed round.
The company plans to use the funds to expand into the US, Europe and West Asia.
The company plans to deepen investments in talent across AI, R&D, product, engineering and customer success.
Recykal last raised about $13 million in its pre-Series B funding round in April 2024.
The infusion marked the company’s first institutional funding.
The funding also saw participation from Turner Morrison consortium.
