India, May 22 -- Himadri Speciality Chemical Ltd (HSCL), a global leader in specialty chemicals, has announced a strategic investment of USD 4.43 million (approximately ?37.47 crore) to acquire a 16.24% stake in International Battery Company, Inc. (IBC), a U.S.-based innovator in chemistry-agnostic prismatic lithium-ion (Li-ion) cell technology. This investment, made through a mix of preferred and common shares, also grants Himadri a seat on IBC's board—marking a major step in the commercial deployment of its LFP cathode active and anode materials.
IBC specializes in advanced prismatic cell technologies for energy storage and mobility solutions globally. It currently operates a 50MWh battery cell production facility in South Korea, l...