Anupam Rasayan Signs LOI with Elementium Materials Inc

Mumbai, Feb. 28 -- Anupam Rasayan has signed a Letter of Intent (LOI) with Elementium Materials Inc., a U.S.-based Battery Electrolyte Company, for the supply of chemicals in an advanced electrolyte critical for electric vehicle (EV) batteries.

Anand Desai, Managing Director of Anupam Rasayan, said, "This LOI with Elementium Materials aligns with our strategy to foray into battery chemicals and directly work with OEMs. This product will play a crucial role in enabling our customer to achieve its mission of manufacturing low-cost and high-performance EV batteries. By significantly enhancing battery performance, it will improve the power output of the vehicle, leading to a superior driving experience with enhanced safety."

"Furthermore, t...