Himadri Speciality Chemical Raises Stake in International Battery Company

By Amit Jangra | Published Date : June 20, 2026

Himadri Speciality Chemical increased its stake in International Battery Company to 20.47%, strengthening its position in the battery and energy storage sector.

Jun 20, 2026 | 3 min read | Battery Technology & EV Industry

Himadri Speciality Chemical has increased its investment in International Battery Company (IBC), a battery technology company based in the United States. After the latest funding round, Himadri's holding in the company has gone up to 20.47 percent on a fully diluted basis.

The company made this move through an additional investment of around USD 0.66 million, which is roughly equal to ₹5.51 crore. Before this latest investment, Himadri already owned a stake of 17.29 percent in IBC through earlier funding provided over time. The latest development shows that Himadri is continuing to strengthen its presence in the battery and energy storage segment, which has been receiving growing attention in recent years.

Focus on Battery Material Development

Table of Contents

1. Focus on Battery Material Development

2. Access to Global Infrastructure

3. Growing Interest in Battery Ecosystem

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The investment is linked to battery materials that are used in lithium-ion battery manufacturing. Himadri has been working on lithium iron phosphate cathode active materials along with advanced anode materials. With the higher stake, the company gets closer access to IBC's technology and manufacturing setup. This relationship is expected to help Himadri move some of its battery material work from the development stage towards commercial use.

Battery demand has been increasing across different parts of the mobility sector. Vehicles such as electric mini trucks are becoming more visible in cargo transportation, while battery-powered solutions are also gaining attention in other vehicle categories.

Access to Global Infrastructure

One important part of the partnership is the infrastructure available through IBC. The company operates a research and development centre in California and also has a manufacturing facility in South Korea. Apart from that, a new gigafactory is being developed in Bengaluru. This facility is expected to play an important role in future battery production activities. For companies working on battery materials, access to manufacturing and research facilities can be useful when trying to convert laboratory work into products that can be produced on a larger scale.

Growing Interest in Battery Ecosystem

Battery technology continues to attract investment because many industries are looking for cleaner energy solutions. Demand is not limited to passenger vehicles alone. Interest is also growing in electric buses used for public transport and electric 3 wheelers that are widely used for daily mobility and cargo movement. Under the arrangement, Himadri is expected to support the supply of battery-related materials, while IBC will continue working on battery cell development and manufacturing activities.

For now, the latest investment represents another step in the growing relationship between the two companies. As battery demand continues to increase, both businesses appear focused on building stronger capabilities across different parts of the energy storage value chain.

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Frequently Asked Questions on Commercial Vehicles

1. What is the latest stake held by Himadri in International Battery Company?

Ans: After the latest investment, Himadri Speciality Chemical holds a 20.47% stake in International Battery Company on a fully diluted basis.

2. How much additional investment did Himadri make?

Ans: Himadri invested an additional USD 0.66 million, which is approximately ₹5.51 crore.

3. Why is this investment important for Himadri?

Ans: The investment provides access to IBC's technology, research facilities and manufacturing infrastructure, helping Himadri expand its battery materials business.

4. Which sectors could benefit from battery technology growth?

Ans: Battery advancements can support electric mini trucks, electric buses, electric 3 wheelers and other electric mobility applications.

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