Himadri Powers Up: $4.43M Stake in Battery Maker IBC

Himadri Speciality Chemical has invested USD 4.43 million to acquire a 16.24% stake in International Battery Company (IBC), a U.S.-headquartered lithium-ion battery cell manufacturer.

Announced on May 22, 2025, the investment—comprising both preferred and common shares—marks the commercial rollout of Himadri’s lithium iron phosphate (LFP) cathode and anode materials. As part of the deal, Himadri will join IBC’s board, reinforcing its strategic involvement in the company’s future.

IBC currently operates a 50 MWh lithium-ion battery facility in South Korea and is developing a Gigafactory in Bengaluru, India, in partnership with Mahanagar Gas. The new plant, set to begin operations in Q4 FY26, will serve last-mile delivery fleets, as well as two- and three-wheeler OEMs, and international markets.

The partnership provides Himadri with access to IBC’s advanced manufacturing infrastructure and diverse customer base across the U.S., India, and East Asia. It also significantly strengthens Himadri’s ability to commercially test and scale its battery materials, positioning the company for growth in the electric mobility and energy storage sectors.

News by Rahul Yelligetti.