Content
01/18/2024
Sunnyvale, CA USA
International Battery Company
completed $35 million Venture Round funding. Investors include
RTP Global (lead), Shastra VC, Beenext.
About
International Battery Company (IBC) is building proprietary I-NMC Prismatic cells in India at the planned non-captive Gigafactory. IBC cells will reduce battery complexity due to the large form factor, have 40% higher energy density than LFP cells, and are recyclable. These cells will be especially suited for mobility applications (EVs). The supply chain will be localized and secured to enable energy independence.
While the R&D is being done in the US, a pilot plant is being built in South Korea, and High-Volume-Manufacturing is planned to be done in India at the non-captive Gigafactory.
Startup
Sector:
Industrial
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