Epsilon Advanced Materials
Epsilon Advanced Materials is a Mumbai-headquartered, privately held manufacturer of green battery active materials (graphite anode and LFP/LMFP cathode) for EV, energy storage, and consumer electronics customers, operating from India, the USA, and Finland as the largest ex-China anode materials producer.
- Company typePrivate
- Founded2018
- HeadquartersMumbai, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
Epsilon Advanced Materials firmographics
Firmographics- Name
- Epsilon Advanced Materials
- Legal name
- Epsilon Advanced Materials Pvt Ltd
- Website
- https://epsilonam.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Epsilon Advanced Materials is a Mumbai-headquartered, privately held manufacturer of green battery active materials (graphite anode and LFP/LMFP cathode) for EV, energy storage, and consumer electronics customers, operating from India, the USA, and Finland as the largest ex-China anode materials producer.
- Ownership category
- akta.pro rank
Epsilon Advanced Materials industry classification
Industry- Product category
- Advanced Battery Materials
- NAICS
- Battery Manufacturing (33591), Carbon and Graphite Product Manufacturing (335991), Battery Manufacturing (335910)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Miscellaneous Electrical Machinery, Equipment & Supplies (3690)
- akta.pro primary industry
- Anode Materials Manufacturing (Graphite, Silicon, LTO) (EUAFABAC)
- akta.pro secondary industries
- Cathode Active Materials (CAM) Manufacturing (EUAFABAB), Solid-State Battery Materials & Cell Manufacturing (EUAFABAH)
Keywords
Where Epsilon Advanced Materials is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Epsilon Advanced Materials business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Battery Materials Sales: Primary revenue from selling synthetic graphite anode materials and LFP/LMFP cathode materials to lithium-ion battery manufacturers for EVs, energy storage systems, and consumer electronics. Revenue generated through long-term supply contracts and offtake agreements with advance orders.
- Technology Licensing: Revenue from proprietary technology including patented mesophase coke production and manufacturing processes developed in-house.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise Battery Material Supply |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels6 records
Epsilon Advanced Materials product offering
Product offeringCore offering
Epsilon Advanced Materials manufactures high-performance anode and cathode active materials for lithium-ion and sodium-ion batteries, including synthetic, natural, blended and agglomerated graphite anode materials and LFP/LMFP cathode materials. The company is vertically integrated from industrial by-products (steel industry waste) to finished battery materials, supplying automotive OEMs, EV battery cell manufacturers, energy storage system integrators and consumer electronics manufacturers across India, the US and Europe.
Product overview
Epsilon Advanced Materials is a vertically integrated global battery materials manufacturer offering both anode and cathode active materials for lithium-ion and sodium-ion batteries. The product portfolio includes: (1) Graphite Anode Materials - synthetic, natural, blended, and agglomerated graphite variants (EAG, EGNG, ESNG, EMAG, EMG series) for EVs, ESS, and consumer electronics; (2) LFP and LMFP Cathode Materials (E-P2, E-P2S, E-M2 series) for safe, cost-effective battery applications; (3) Hard Carbon Anode Material for sodium-ion batteries produced from coconut shell waste. The company operates manufacturing facilities across India (Vijayanagar, Karnataka), USA (North Carolina - 60,000 TPA planned), and Finland (30,000-60,000 TPA planned), with an R&D center in Germany acquired from Johnson Matthey, making it the first global company capable of providing both anode and cathode materials for lithium-ion batteries outside China.
Differentiator
Problem solved
Functional benefit
Brands
- Epsilon CAM: Epsilon's cathode active materials division producing LFP and LMFP cathode materials for lithium-ion batteries
- EAM-ONE
Products and services
- Graphite Anode Materials (EAG, EGNG, ESNG, EMAG, EMG series) High-performance engineered graphite anode materials with capacity ratings of 350-360 mAh/g that exceed minimum EV grade requirements (345-350 mAh/g). Supplied to lithium-ion battery cell manufacturers for electric vehicles, energy storage systems and consumer electronics.
- LFP/LMFP Cathode Materials (E-P2, E-P2S, E-M2 series) Lithium Iron Phosphate (LFP) and Lithium Manganese Iron Phosphate (LMFP) cathode active materials designed for safe, fast-charging, cost-effective batteries in EV and energy storage applications. Includes E-P2 single crystal, E-P2S spherical, E-P2S2, E-P2E, E-M2 and E-M2S variants.
- Hard Carbon Anode Material Next-generation hard carbon anode material for sodium-ion batteries, manufactured from coconut shell waste as a graphite-free, low-cost alternative for grid-scale energy storage.
- Gen III LFP Cathode Material Third-generation LFP cathode material designed to compete with Chinese LFP suppliers in the global EV supply chain with improved performance characteristics.
- Silicon-Graphite Composite Anode (Gen-1) Advanced silicon-graphite composite anode material co-developed with Daejoo to increase EV lithium-ion battery discharge capacity by more than 50%.
Quantifiable outcome
- ~78% reduction in global warming potential (GWP) compared to competitors
- +5 more outcomes
Companies that use Epsilon Advanced Materials
Customer profileSegments3 records
Ideal customer profiles3 records
Epsilon Advanced Materials technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Epsilon Advanced Materials partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and flagship.
- Phillips 66coreSupply agreement to secure critical needle coke feedstock for the 30,000-ton North Carolina facility. Phillips 66 will supply feedstock to support US battery materials manufacturing and strengthen the domestic EV battery supply chain.
- Steel Industry SupplierscoreLocal sourcing partnerships with steel industries for by-product feedstocks. Company transforms industrial waste from steel manufacturing into high-performance battery materials through 100% backward integration.
- Tufts Universityflagship$11.5 million sponsorship to establish Tufts Epsilon Materials Institute for innovation in advanced material research for clean energy transition. Partnership creates new research institute at Tufts University for battery materials innovation.
- Daejoo (Korea)coreJoint development partnership with Korea's Daejoo to develop Gen-1 Silicon-Graphite composite anode material. The collaboration aims to boost EV Li-ion battery discharge capacity by over 50% for enhanced performance.
- Johnson MattheyflagshipAcquisition of Johnson Matthey's lithium-ion phosphate (LFP) cathode active material technology center in Moosburg, Germany. Makes Epsilon the first global company capable of providing both cathode and anode materials for lithium-ion batteries.
- Government of KarnatakacoreMoU with Government of Karnataka to invest approximately Rs 9,000 crore initially (later increased to Rs 15,350 crore) for EV battery component production supporting 10 million electric vehicles and creating jobs for 75% local workforce.
- Finnish Minerals GroupcoreMoU signed with Finnish Minerals Group for anode materials processing plant in Vaasa, Finland. First phase will build 30,000 TPA production capacity by 2028, scaling to 60,000 TPA to serve European market.
Scale indicators15 records
Recent moves10 records
Expansion highlights7 records
Epsilon Advanced Materials competitors and assessment
Company assessmentBroad incumbents
- POSCO Future M: South Korea's largest integrated battery materials manufacturer producing both anode and cathode materials for EV cells. Comparable as a major non-Chinese player in graphite anode and cathode active materials with global OEM relationships.
- SGL Carbon: German-based global manufacturer of specialty graphite and carbon materials serving battery, industrial, and semiconductor markets. Comparable as a legacy carbon and graphite materials producer expanding into battery anode applications.
- Resonac (Showa Denko):
Direct peers
- Nouveau Monde Graphite: Canadian producer of high-purity graphite anode materials for lithium-ion batteries with planned North American production. Directly comparable as a Western non-Chinese graphite anode materials manufacturer targeting EV and ESS markets.
- Talga Group: Swedish-Australian graphite anode materials developer with a planned commercial-scale plant in northern Sweden. Comparable as a non-Chinese graphite anode materials company pursuing European OEM customers.
- Novonix: North American battery materials company developing synthetic graphite anode materials and cathode materials. Comparable as a Western, ex-China anode and cathode materials manufacturer targeting US battery cell makers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Epsilon Advanced Materials social profiles
Digital presenceEpsilon Advanced Materials compliance and trust
Trust signalCompliance4 records
Epsilon Advanced Materials financial estimates
Financial estimateRevenue estimate
Valuation estimate
Epsilon Advanced Materials leadership team
Management profileNumber of profiles
Profiles10 records
Epsilon Advanced Materials subsidiaries and ownership
Company hierarchySubsidiaries3 records
Epsilon Advanced Materials funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Epsilon Advanced Materials M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Epsilon Advanced Materials
What does Epsilon Advanced Materials do?
Epsilon Advanced Materials manufactures high-performance anode and cathode active materials for lithium-ion and sodium-ion batteries, including synthetic, natural, blended and agglomerated graphite anode materials and LFP/LMFP cathode materials. The company is vertically integrated from industrial by-products (steel industry waste) to finished battery materials, supplying automotive OEMs, EV battery cell manufacturers, energy storage system integrators and consumer electronics manufacturers across India, the US and Europe.
Is Epsilon Advanced Materials a public or private company?
Epsilon Advanced Materials is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Epsilon Advanced Materials founded?
Epsilon Advanced Materials was founded in 2018. It employs 101 to 250 people.
Where is Epsilon Advanced Materials based?
Epsilon Advanced Materials is headquartered in Mumbai, India, in the Asia region.
How does Epsilon Advanced Materials make money?
Two revenue lines are on record. Battery Materials Sales are the primary driver. The others are technology Licensing.
Who are Epsilon Advanced Materials's main competitors?
Broad incumbents on record are POSCO Future M, SGL Carbon and Resonac (Showa Denko). Direct peers are Nouveau Monde Graphite, Talga Group and Novonix.
Does Epsilon Advanced Materials have an API?
No public API is recorded for Epsilon Advanced Materials.
What industry is Epsilon Advanced Materials in?
Epsilon Advanced Materials's product category is Advanced Battery Materials. Its primary akta.pro industry code is EUAFABAC, Anode Materials Manufacturing (Graphite, Silicon, LTO), with a secondary code of EUAFABAB, Cathode Active Materials (CAM) Manufacturing. Its NAICS code is 33591 and its SIC code is 3600.