PwC Middle East has launched its first Net Zero Future50 report, revealing 50 pioneering start-ups in the Middle East driving innovation focused on reducing greenhouse gas emissions and addressing the impacts of global warming across key economic sectors in the region. 

Exelx founder Ghassan Alasad commented, "We are deeply honored and thrilled to be recognized in PwC Middle East's Net Zero Future50 report. This acknowledgment is not just a testament to Exelx's commitment to innovative battery recycling and reuse solutions, but it also reflects our dedicated efforts towards creating a more sustainable future. Being listed among the top 50 pioneering start-ups in the Middle East is a significant milestone for us. It strengthens our resolve to continue our work in reducing greenhouse gas emissions and addressing the impacts of global warming, and he added “our journey at Exelx is driven by a passion for environmental stewardship and a vision for a cleaner, more sustainable world. This recognition fuels our ambition to innovate further and make a substantial impact in the fight against climate change."

Exelx is focusing to solving environmental problems related to batteries. According to a Bloomberg report, the total battery waste expected to lose effectiveness by 2030 is over 12 million tons. Exelx works on battery reuse and recycling solutions to reduce adverse environmental effects and conserve energy. Recently, they have processed over 30,000 nickel-type cells. These cells were successfully reused in hybrid vehicles, covering distances up to 25,000 kilometres without any malfunction, reducing the carbon footprint by more than 350 tons of carbon emissions within a year.