The natural resources in the Indian environment are depleting at a faster pace than before and there is a need to acknowledge the situation. Identifying this issue, Mr. Vikrant Singh, Co-founder, Director and CTO along with Mr. Utkarsh Singh, Co-founder and CEO of the company BatX Energies started working on a solution which is dedicated to the welfare of the environment, bringing sustainability with quality. Their high-quality products are aimed to provide safety, performance, and life cycle reliability. The symbol of trust and quality is reflected through their products, which are specifically integrated for all kinds of applications, whether simple or advanced.
Coming from an engineering background and having similar interest in greener solutions and sustainability, BatX Energies evolved thought into practicality to provide greener solutions to the nation by ensuring a safe future with ecological balance and maintaining the highest standards of quality. The only company in India working on both Developing Lithium-ion batteries as well as Recycling of Lithium-Ion batteries was contributing to the circular economy. Ltd. It was founded on 7th July, 2020 after 2 years of rigorous R&D. Their wide product portfolio ranges from Hi Tech Driven and powerful battery packs for automobiles to grid storage and equipment mechanization to smaller packs for consumer electronics.
Below are the highlights of the interview:
What were the teething problems? How did you overcome it?
Being a start-up and setting our foothold in this sector was a challenge in itself. Coming from an engineering background and sharing a similar experience, we did a thorough research and identified the problem. The product and the quality were not up to the mark in terms of commercials. Observing the need and gap to attain this problem we developed products which are commercially available, accessible, and efficient.
Also, while working with different stakeholders, the demand and specifications vary and meeting their expectations is also one of the difficult tasks for us. Along with this, the cost incurred in production and then managing it, also became one of the biggest challenges for us. To retain our employees, we acknowledged the hard work of our team with bonuses and incentives to motivate them, which resulted in commitment and hard work furthering the growth of the brand.
Please tell us about the personalities/business duos of the company, their background, and contribution to the success of the company.
The dynamic duo Utkarsh Singh and Vikrant Singh hold prolific personalities with young, engineered Entrepreneur minds. Utkarsh has always been inclined towards working for community development, be it in his early professional days he has worked in the rural villages Madhya Pradesh, Haryana and Rajasthan which gave him an insight of what’s happening in the roots of India and mobility loopholes there. He believes in developing meaningful products and taking them to global markets and his experience is proof of this vehemence. Utkarsh also has been vehement to bring a difference to people’s lives with his contribution and founded SAVERA (Students as Volunteers in Education to Reach and Assist) during his academic years at BML Munjal University, a system where 50+ underprivileged people received remedial education daily.
Vikrant brings with him profound knowledge of energy storage and operational brilliance to implement it. Having envisaged that recycling of lithium-ion battery materials is the key for growth in electric transportation, he ensured that the company is committed to developing advanced lithium- ion battery and cell solutions using first and second-life Lithium-ion cells for many different applications that facilitate mobility and storage.
Vikrant’s sparkling spirit and unquenchable quest is accentuated in his profound R&D expertise, which has led the product portfolio of BatX Energies Pvt. Ltd. to constantly evolve and diversify. Vikrant is very well versed on working in advanced materials at the Center of Advanced Materials at BML Munjal University, which is a Hero group Initiative.
How do you complement each other in the business? Do you share different responsibilities, or do you look into everything together?
Knowing each other for a long time and working together for about three years, we both believe in easing the stress from each other’s shoulder, while working together. Everyone has a different set of working and observing things, which has helped both of us to grow and strengthen our bond and build BatX as a differentiator in the industry. Our core strength lies in working independently and fulfilling responsibilities which we have set for all our employees. We believe in empowering our Employees and developing a sense of responsibility, which is our success mantra.
What are the challenges in your business? How do you tackle them?
There is a lack of resources and raw material in India, for the industry we operate in. But we have been efficient in tackling and creating our own channels by curating our own resources, which has helped us in our business operations.
How did you manage during the lockdown period? What are you doing now to bounce back to business?
The lockdown period was tough for all of us. We invested our time in research and rigorously tested our products to improvise and develop them in a fruitful manner. In order to push our business in the right direction, we are now engaging with more stakeholders and developing innovative products to push which will help us regain our lost track.
Where do you see yourselves and your organization in the near future?
We aim and look forward to placing ourselves in the recognized 5 companies under Renewable Energy sectors. We want to be a differentiator in the industry by being the best organization in Renewable Energy Sector as so far, we are the only company doing both recycling and battery manufacturing in India.
