EPM invests in Medellín-based startup Batx to enhance mobility battery management and promote sustainability through its Private Equity Fund II.

Target Information

Ventures EPM recently made a strategic investment in Batx, a Medellín-based startup specializing in mobility battery management. Founded four years ago, Batx is focused on extending the lifecycle of batteries by repurposing them for secondary uses, particularly in energy storage systems. This investment was executed through EPM's Private Equity Fund II in collaboration with Axon Partners Group, which serves as the fund's professional manager.

Batx's innovative approach aligns with EPM's goals of contributing to the circular economy and promoting sustainability. Alejandro Camargo, the CEO of Batx, emphasizes the company's mission to minimize waste by reusing electric mobility batteries, positioning Batx as the sole business in Colombia and Latin America focusing on such initiatives.

Industry Overview

The energy transition and circular economy are becoming increasingly critical in Colombia, reflecting a broader global trend towards sustainability and environmental responsibility. The Colombian government has introduced