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Himadri Speciality to pick 16 pc stake in US-based International Battery Company
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....imadri Speciality to pick 16 pc stake in US-based International Battery Company<BR>Corp. Laws / SEBI / IBC<BR>Dated:- 22-5-2025<BR>PTI<BR>New Delhi, May 22 (PTI) Clean-tech company Himadri Speciality on Thursday said it will acquire a 16.24 per cent stake in International Battery Company to increase its presence in the mobility and energy storage sectors. Himadri has already made an investment o....
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....f USD 4.43 million (approximately Rs 37.47 crore) in the US-based technology developer and manufacturer of lithium-ion (Li-ion) cells, the company said without disclosing the deal size and timeline for completion of the transaction. The investment, made through a combination of preferred and common shares, gives Himadri representation on the board of International Battery Company. "It position....
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....s both companies to address the growing global demand for high performance, scalable, and sustainable battery technologies particularly in the mobility and energy storage sectors," the statement said. The company's CMD & CEO Anurag Choudhary said: "We announce our strategic investment for a 16.24 per cent stake in IBC, a trailblazer in next-generation battery technologies. This partnership marks....
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.... a pivotal step in Himadri’s global clean-tech strategy and our entry into the LiB component materials market." IBC operates a 50 MWh lithium-ion battery cell facility in South Korea and is developing a gigafactory in Bengaluru, India, through its joint venture with Mahanagar Gas Limited. The Bengaluru Gigafactory is scheduled to commence operations by the fourth quarter of FY2025-26. Throug....
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....h partnership, the Himadri company aims to play a pivotal role in India’s energy transition. The Bengaluru facility will cater to last-mile B2B fleet providers and 2- and 3-wheeler OEMs, while also supporting global battery cell exports. Choudhary said this is a win-win collaboration—one that brings together deep material science and advanced battery technology to shape the future of sustain....
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....able energy. "Together, we are building a scalable, high-impact ecosystem that will power the next wave of clean mobility and energy solutions not only in India but across the globe," he said. PTI ABI KKS MR<BR> News - Press release - PIB....