International Battery Company raises USD 35 Mn to revolutionize EV adoption in India
SUNNYVALE, Calif., Jan. 18, 2024 /PRNewswire/ -- International Battery Company (IBC), a product and technology company that specializes in the creation of eco-friendly, large-sized rechargeable Prismatic Li-ion NMC batteries, is announcing it has raised USD 35 Million. This includes a Pre-Series A round, led by RTP Global, and contributions from a broader investment base, which includes Beenext, Veda VC, and other strategic Korean and US Investors. The investment marks an important moment in IBC's journey to revolutionize the global EV landscape.
- SUNNYVALE, Calif., Jan. 18, 2024 /PRNewswire/ -- International Battery Company (IBC), a product and technology company that specializes in the creation of eco-friendly, large-sized rechargeable Prismatic Li-ion NMC batteries, is announcing it has raised USD 35 Million.
- The investment marks an important moment in IBC's journey to revolutionize the global EV landscape.
- Despite the massive opportunity for EVs in India, batteries underpinning this revolution are not being manufactured in India.
- IBC's work in EV battery tech aligns perfectly with our mission to back transformative projects that have a positive impact on a global scale."