Himadri invests USD 4.43 million in lithium battery firm IBC

June 15, 2025

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Himadri Speciality Chemical invested USD 4.43 million (approx ?36.5 crore) to acquire a 16.24% stake in US-based International Battery Company (IBC), a lithium-ion battery manufacturer. The deal includes preferred and common shares and a board seat. IBC operates a 50 MWh facility in South Korea and is building a Gigafactory in Bengaluru, set to start in Q4 FY26. The plant targets last-mile fleet and 2-3 wheeler OEMs, boosting Himadris battery material deployment capabilities.

Note: The above-mentioned news was first published by us in our ProjectX India | 15th June 2025 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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