International Battery Company

What International Battery Company does

International Battery Company (IBC), founded in October 2022 and headquartered in San Jose, California, is a lithium-ion battery cell manufacturer targeting electric mobility, energy storage, industrial, and emerging high-performance applications. The company designs and produces prismatic cells (Prabal 1000 NMC 622, Prabal 2000 LFP, Prabal 3000 Hi-Nickel with Silicon-Carbon anode) and cylindrical cells (Prabal 1100, 1200, 1300), with reported energy densities exceeding 300 Wh/kg and cycle lives above 10,000 for LFP variants. Manufacturing currently operates at a 50 MWh facility in South Korea (completed July 2023), with a 2 GWh gigafactory under development in Bengaluru, India, targeting 10 GWh total capacity by 2028.

IBC's commercial model combines direct cell sales to OEMs and integrators with technology licensing partnerships that enable licensed gigafactory deployment in India and the USA. Revenue streams include hardware sales of cells, modules, and packs, plus licensing and partnership revenue from turnkey gigafactory deployment. The go-to-market emphasizes enterprise sales through contact-driven engagement, targeting electric two-wheeler OEMs (with a confirmed ₹250 million order book and 1000+ packs planned for 2025), battery energy storage system integrators, defense and industrial equipment manufacturers, and emerging segments including AI data centers, robotics, and electric aviation. Key certifications include UN 38.3 (October 2023) and BIS (January 2024), which gated entry into the Indian market.

IBC complements its hardware portfolio with the Nyaya AI platform, a proprietary intelligence layer providing manufacturing defect detection, battery state estimation (State of Charge, State of Health, State of Power), Remaining Useful Life forecasting, and warranty analytics. The company has assembled an upstream materials ecosystem through strategic partnerships with Himadri Speciality Chemical (20.47% owner, graphite anode and LFP cathode supply), JAS Tech (battery components), Orbia (PVDF fluoropolymers), Orion (carbon black), and Sicona (silicon-carbon anode technology), supplemented by a joint venture with Mahanagar Gas Limited in India. Cumulative funding includes a $35 million Pre-Series A round (January 2024) led by RTP Global and an SEC-registered exempt offering of approximately $27.35 million.

Name

International Battery Company

Legal name

International Battery Company, Inc.

Website

https://ibcbatt.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

International Battery Company manufactures lithium-ion battery cells, including prismatic (NMC, LFP, Hi-Nickel SiC) and cylindrical formats, for electric mobility, energy storage, industrial, defense, and emerging AI/aviation applications, with production in South Korea and a planned gigafactory in India.

Ownership category

akta.pro rank

Product category

Lithium-ion Battery Cells

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)

akta.pro secondary industries

Battery Pack Manufacturing & Module Assembly (EUAFABAI), Battery Cell Manufacturing (EV) (IMACACAB)

Keywords

• Lithium-ion battery cells
• Prismatic battery cells
• Cylindrical battery cells
• Battery energy storage
• Gigafactory manufacturing

Headquarters

HQ city

Milpitas

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Battery Cell Sales: IBC generates revenue from selling lithium-ion battery cells including prismatic, cylindrical, and pouch form factors. Products are sold to electric vehicle manufacturers, energy storage system integrators, and industrial customers. The company ships batteries from its South Korea facility to India and other markets.
2. Battery Module and Pack Solutions: Sale of engineered battery modules and packs built on precision cell engineering. These solutions feature rugged enclosures, integrated thermal management, and secure connectivity for applications in mobility, industrial automation, marine, defense, and mission-critical systems.
3. Gigafactory Technology Licensing: IBC licenses its battery technology, quality standards, and technical expertise to partners for local manufacturing. The company enables turnkey gigafactories through factory design, EPC execution, automation integration, and operational support, generating licensing and partnership revenue.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

International Battery Company designs, manufactures, and sells advanced lithium-ion battery cells across prismatic, cylindrical, and pouch form factors under the Prabal brand, alongside engineered battery modules and packs for mobility, energy storage, industrial, and defense applications. The company also offers the Nyaya AI platform for manufacturing intelligence and battery lifecycle analytics, and licenses its battery technology for gigafactory deployment in India and the USA.

Product overview

International Battery Company offers a unified portfolio of advanced lithium-ion battery cells across three form factors (prismatic, cylindrical, and pouch), supported by a proprietary AI intelligence platform. The product lineup centers on the Prabal series of battery cells, with prismatic cells (Prabal 1000, 2000, 3000) targeting industrial, energy storage, and high-performance applications, while cylindrical cells (Prabal 1100, 1200, 1300) serve electric mobility and industrial markets. Above the cell level, IBC provides module and pack solutions built on precision cell engineering. The Nyaya AI Platform complements the hardware portfolio as an intelligence layer enabling manufacturing defect detection, battery state estimation, and lifecycle analytics. The company operates a 50 MWh manufacturing facility in South Korea with technology partnerships enabling licensed manufacturing in India and USA.

Differentiator

Problem solved

Functional benefit

Brands

• Prabal: Product line of prismatic and cylindrical lithium-ion battery cells including Prabal 1000, 2000, 3000, 1100, 1200, and 1300 models for various applications.
• Nyaya AI Platform

Products and services

• Prabal 1000 Prismatic Cell Prismatic lithium-ion battery cell with NMC 622 chemistry (Mid-Nickel cathode, Graphite anode), 50 Ah capacity, >210 Wh/kg energy density, and >5,000 cycle life, designed for industrial applications including ATV, golf carts, C&I, robotics, humanoids, and 2-3W EVs.
• Prabal 2000 Prismatic Cell Prismatic LFP lithium-ion battery cell, 40-45 Ah capacity, >160 Wh/kg energy density, >10,000 cycle life, designed for Battery Energy Storage Systems (Grid, C&I, Data Centers) and lower-end 2-3-4W EV applications.
• Prabal 3000 Prismatic Cell
• Prabal 1100 Cylindrical Cell
• Prabal 1200 Cylindrical Cell
• Prabal 1300 Cylindrical Cell
• Battery Module and Pack Solutions
• Nyaya AI Platform
• Gigafactory Technology Licensing

Quantifiable outcome

• Energy density >210 Wh/kg (Prabal 1000), >160 Wh/kg (Prabal 2000 LFP), >300 Wh/kg (Prabal 3000 Hi-Nickel)
• +5 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and major.

• Himadri Speciality ChemicalcoreStrategic or Co-development Partner · 19 June 2026Himadri Speciality Chemical increased its stake in IBC to 20.47% through additional $0.66 million investment (total investment $6.09 million). Strategic partnership focuses on deploying Himadri's LFP cathode active materials and advanced anode materials through IBC's battery technology platform. Partnership provides IBC access to Himadri's graphite anode materials while enabling Himadri's downstream integration in the battery value chain.
• Mahanagar Gas Limited (MGL)majorStrategic or Co-development Partner · 7 November 2024IBC formed a joint venture with Mahanagar Gas Limited to advance lithium-ion manufacturing in India. This partnership enables local production of battery cells leveraging MGL's natural gas infrastructure and market presence in India's energy sector.
• JAS TechcoreTechnology or IntegrationJAS Tech is IBC's battery components partner providing precision-manufactured components including separators, current collectors, and functional components. JAS Tech's components are implemented and validated within IBC's cell design and qualified through production at the 50MW facility in Korea.
• Orbia (PVDF Fluoropolymers)coreTechnology or IntegrationOrbia provides high-grade fluoropolymers for IBC's battery cells, offering chemical resistance, thermal stability, and structural integrity supporting safe operation even under extreme conditions.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Microvast: US-based commercial-vehicle focused lithium-ion battery manufacturer producing prismatic, cylindrical and pouch cells. Comparable as a non-incumbent Western cell maker pursuing commercial EV and industrial markets with multi-chemistry portfolio.
• Northvolt: European lithium-ion cell manufacturer building large-scale gigafactories with vertically integrated approach. Comparable as a Western non-Asian cell maker targeting EVs and energy storage with proprietary chemistries and sustainability focus.
• Agratas: Tata Group's lithium-ion battery cell manufacturing subsidiary building gigafactories in India and the UK. Most direct Indian competitor to IBC, targeting similar mobility and energy storage applications with vastly greater capital backing from Tata Sons.
• FREYR Battery: Norway/US-based lithium-ion cell manufacturer building GWh-scale gigafactories with technology licensing model. Comparable as a capital-intensive cell maker pursuing global scale with multi-chemistry approach, though at a more advanced stage.
• Log9 Materials: India-based lithium-ion battery startup focused on LFP cells and rapid charging technology. Directly comparable as an emerging Indian cell manufacturer serving mobility and stationary storage with similar chemistries and partnerships.

Broad incumbents

• Exide Industries: India's dominant lead-acid battery manufacturer now expanding into lithium-ion cells through partnerships. Targets similar mobility and stationary storage segments with a much larger installed base and dealer network.
• LG Energy Solution: One of the world's largest lithium-ion battery manufacturers serving EVs and ESS globally. Sets the competitive benchmark on scale, OEM relationships, and pricing that IBC must meet across mobility and energy storage segments.
• Contemporary Amperex Technology (CATL): World's largest lithium-ion battery cell manufacturer and the dominant price/technology benchmark. Competes with IBC across prismatic and cylindrical form factors for EV, BESS, and specialty applications globally.
• Reliance New Energy: Reliance Industries' battery and new energy arm that has announced multi-GWh battery cell gigafactories in India. Competes with IBC for Indian EV and BESS customers, with substantially greater capital and broader energy conglomerate resources.
• Amara Raja Batteries: Major Indian battery manufacturer (Amaron brand) transitioning from lead-acid to lithium-ion with announced cell manufacturing plans. Comparable as a domestic Indian battery player pursuing Li-ion cell localization for mobility and storage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Battery Company