Himadri Speciality Chemical Limited has expanded its equity footprint in the energy storage sector by increasing its stake in United States-based International Battery Company, Inc. (IBC) to 20.47 percent on a fully diluted basis. The specialty chemical manufacturer executed the transaction through an additional capital infusion of USD 0.66 million, equivalent to approximately ₹5.51 crore. Prior to this latest investment round, Himadri held a 17.29 percent stake in the technology developer following an initial aggregate investment of USD 5.43 million, which translates to roughly ₹45.32 crore.
The expanded equity position, which includes a mix of common and preferred stock, is structured to support the commercial deployment of Himadri's lithium iron phosphate cathode active materials and advanced anode materials. Through this strategic alignment, the Indian materials firm secures direct downstream access to IBC's specialized infrastructure. This network encompasses a research and development center in California, an operational manufacturing facility located in South Korea, and an upcoming gigafactory currently under development in Bengaluru.
From an operational standpoint, the transaction allows Himadri to utilize the battery developer's manufacturing framework and software-driven research capabilities to transition its raw material chemistry from laboratory phases into commercial applications. In return, IBC secures a domestic supply of cathode and anode components necessary for its prismatic lithium-ion cells.