International Battery Company

Assembly Line

International Battery Company raises USD 35 Mn to revolutionize EV adoption in India

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: International Battery Company, RTP Global

International Battery Company (IBC), a product and technology company that specializes in the creation of eco-friendly, large-sized rechargeable Prismatic Li-ion NMC batteries, is announcing it has raised USD 35 Million. This includes a Pre-Series A round, led by RTP Global, and contributions from a broader investment base, which includes Beenext, Veda VC, and other strategic Korean and US Investors. The investment marks an important moment in IBC’s journey to revolutionize the global EV landscape.

IBC is channeling this investment into a 50MWh capacity ramp manufacturing plant and has developed United Nations 38.3 and BIS-certified, ready-for-delivery battery cells for the Indian market, reflecting the growing needs of India’s EV and energy storage sectors. These batteries will meet the region’s distinctive requirements, such as the need to operate safely in high temperatures, support fast charging capability, and offer an extended lifecycle, with a 7–10-year warranty. Furthermore, its highly eco-friendly products use components that are fully recyclable and reusable, supporting India’s push towards a greener future and closed-loop manufacturing, where materials are repurposed and reused, minimizing waste and reducing environmental impact.

Read more at PR Newswire