International Battery Company (IBC) designs and manufactures high-performance NMC-622 lithium-ion cells with 40% higher energy density than LFP alternatives, tailored for mobility and storage applications. IBC operates a 50 MWh facility in Korea and is expanding to a gigafactory in India to meet the increasing demand for efficient and safe battery solutions.
Funding
$39.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
HCVVFounders
Product
Problem
Current lithium iron phosphate (LFP) batteries often lack the energy density required for demanding mobility and storage applications, limiting performance and range. Existing battery manufacturing capacity is also struggling to keep pace with the rapidly growing demand for efficient and safe energy storage solutions.
Solution
International Battery Company (IBC) designs and manufactures high-performance NMC-622 lithium-ion cells engineered for mobility and energy storage. IBC's cells achieve a 40% higher energy density compared to LFP alternatives, enabling greater range and performance in target applications. The company operates a 50 MWh production facility utilizing a "copy exact" model to ensure manufacturing scalability. IBC is also expanding its production capacity with a gigafactory in India to directly supply customers and meet increasing market demand. IBC offers end-to-end solutions, catering to both original equipment manufacturers (OEMs) and materials providers in the battery value chain.
Target Audience
IBC's primary customers include OEMs in the mobility and energy storage sectors, as well as materials providers within the battery supply chain.
Features
- High-performance NMC-622 lithium-ion cell chemistry
- 40% higher energy density compared to LFP batteries
- Designed for long warranty mobility and storage applications
- High cycle life and fast charging capabilities
- Focus on safety through cell design and manufacturing processes
- Scalable manufacturing process validated in a 50 MWh facility