Tech Company Financing Transactions
International Battery Company Funding Round
RTP Global Partners, BEENEXT and private investors participated in a $35 million Series A funding round for International Battery Company. The round was announced on 1/18/2024.
Transaction Overview
Company Name
Announced On
1/18/2024
Transaction Type
Venture Equity
Amount
$35,000,000
Round
Series A
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Unit 111 Brigade Irv Center Nallurahalli Whitefield
Bangalore, Karnataka, 560066
India
Bangalore, Karnataka, 560066
India
Phone
Undisclosed
Website
Email Address
Overview
International Battery Company (IBC) is building proprietary I-NMC Prismatic cells in India at the planned non-captive Gigafactory. IBC cells will reduce battery complexity due to the large form factor, have 40% higher energy density than LFP cells, and are recyclable. These cells will be especially suited for mobility applications (EVs). The supply chain will be localized and secured to enable energy independence. While the R&D is being done in the US, a pilot plan is being built in South Korea, and High-Volume-Manufacturing is planned to be done in India at the non-captive Gigafactory.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Priyadarshi Panda
Browse more venture capital transactions:
Prev: 1/18/2024: Tumodo venture capital transaction
Next: 1/18/2024: Kiln venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We do our best to document every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs