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International Battery Company (IBC), headquartered in Sunnyvale, California, develops and manufactures large prismatic Li-ion NMC batteries for electric vehicles and energy storage. With R&D in the US and manufacturing in South Korea, the company has secured $35 million in total funding, including a pre-Series A round led by RTP Global, and employs 51 individuals. IBC projects $350 million in annual revenue from its planned 2GWh facility by 2025, supplying customers like Ather Energy, River, and Hyundai. Investors such as RTP Global, Beenext, and Veda VC support its expansion, including a joint venture in India with Mahanagar Gas Limited. Founded in 2022, International Battery Company was by Priyadarshi Panda and Sabyasachi Panda. Its business model centers on raises venture funding to build manufacturing facilities and supply batteries to EV makers, operates via joint venture in India with Mahanagar Gas Limited.
International Battery Company has raised $35.0M across 1 funding round.
International Battery Company has raised $35.0M in total across 1 funding round.
International Battery Company has raised $35.0M in total across 1 funding round.
International Battery Company's investors include Nishit Garg, Beenext, Veda VC.
International Battery Company has raised $35.0M across 1 funding round. Most recently, it raised $35.0M Pre-Series A in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 17, 2024 | $35M Seed Plus | Nishit Garg | Beenext, Veda VC | Announced |
