Sunday, July 6, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Investments: Altmin commits $100m to 3 GWh plant

Fiinews by Fiinews
January 11, 2024
in Investment
Reading Time: 2 mins read
A A
0
Altmin Private Ltd

Anjani Mourya.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Sunkavalli is creating robust supply chain to support India’s transition to clean energy

Hyderabad-based Altmin Private Limited, the pioneer in manufacturing of cathode active material for Lithium-Ion Batteries in India, has announced US$100 million investment over the next five years, starting with a 3 GWh plant by 2025.

The company successfully secured growth capital from a prominent Indian family office, renowned as a leading manufacturer of Iron Phosphate and other precursors in India, accruing 22% stake in Altmin.

This transaction represents a significant milestone in the electric vehicle value chain in India and underscores Altmin’s strategic positioning in the market.

Upwisery, a boutique investment banking firm, played a pivotal role as the exclusive sell-side advisor to Altmin in this financial venture, while DSK Legal provided advisory services to the family office investor involved.

“Altmin with aspirations to become the largest manufacturer of Lithium Ferrophosphate (LFP), a cathode material required for EV battery production, aims to establish itself as a Tier 1 supplier to global cell manufacturers, leveraging a low-cost manufacturing ecosystem in India,” said Anjani Sri Mourya Sunkavalli, Founder of Altmin.

“The company aims to create a robust supply chain to support India’s transition to clean energy,” Sunkavalli said on 10 Jan. 24

He elaborated, “With our commitment to creating a sustainable circular economy, we have already secured interest from multiple battery players across the globe to supply our materials, and test trials of the material produced at the pilot stage are already going on with multiple clients.

“With this initial funding round from our strategic investor, we have secured the complete supply chain for our raw materials and will enable the company to transition from pilot-scale operations to full-scale commercial manufacturing.”

Distinguishing itself in the industry, Altmin has secured a sourcing tie-up with Bolivian state company YLB, ensuring a consistent and secure supply of battery-grade lithium carbonate.

Additionally, the company has forged a strategic collaboration with the Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), an autonomous R&D Centre under the Department of Science and Technology (DST), as its technology partner.

Altmin has established a state-of-the-art pilot plant dedicated to LFP production in Hyderabad, further emphasizing its commitment to technological innovation and advancement in the field. Fiinews.com

Tags: Altmin Private ltd
ShareTweetShare

Related Posts

IPA
Investment

Invest: Serendipity Space raises pre-seed round

by Fiinews
July 5, 2025
0
17

Company leveraging space-based crystallization technology Serendipity Space, a pioneering space-tech company developing microgravity-based pharmaceutical manufacturing solutions, has raised its pre-seed...

Indian Steel Association
Investment

Invest: India needs $200bn for expansion of mills

by Fiinews
July 4, 2025
0
17

Infra development requires 400mt annual steel production by 2035 Capital infusion of approximately US$200 billion by 2035 for an annual...

PIB

Invest: PSBs told to strengthen credit to MSMEs

June 29, 2025
16
PIB

Invest: Minister wants further development of IFSCS

June 28, 2025
20
PIB

Invest: SMFCL to finance maritime sector

June 28, 2025
18
Capital A Logo

Invest: Manufacturers urged to embrace technology

June 25, 2025
14
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Export: India to ship non-GMO soybean to EU
  • Tender: Take care of new urban development
  • Manufacturing: Framework on Drones by Sep-Oct
  • Project: Joint maritime professionals launched
  • Market: Daimler bullish on construction sector

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.