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International Battery Company raises $35 million funding, targets monthly production of 2,500 cells at Korean facility

RECENTLY ACQUIREDJan 24, 2024

Amount Raised

$35 Million

Round Type

Funding Round

Jersey CityManufacturingEnergy

Investors

Veda VCBeenextRTP Global

Description

International Battery Company has successfully secured $35 million in a pre-Series A funding round, aiming to target monthly production of 2,500 cells at their facility in Korea.

Quick answer

International Battery Company raised $35 Million in a Funding Round round, dated January 24, 2024. Investors: Veda VC, Beenext and RTP Global. International Battery Company is based in Jersey City, New Jersey, United States.

How much did International Battery Company raise?
International Battery Company raised $35 Million in a Funding Round round on January 24, 2024.
Who invested in International Battery Company?
Veda VC, Beenext and RTP Global are named as investors in this round.
What does International Battery Company do?
International Battery Company (IBC) is building proprietary I-NMC Prismatic cells in India at the planned non-captive Gigafactory.
Where is International Battery Company based and how big is it?
International Battery Company is based in Jersey City, New Jersey, United States. Fundz records about 26 employees.
Who are the decision-makers at International Battery Company?
Fundz holds 1 contact at International Battery Company, including the Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Manufacturing around the same time

Companies in the same sectors as International Battery Company that raised within 45 days of this round, from Fundz verified event records.

  • Wise Integration raised $15M (Series B) on March 6, 2024.
  • Greenlyte Carbon Technology raised $11M (Pre-Series A) on March 6, 2024.
  • Electric Hydrogen raised $50M (Series C) on March 5, 2024.
  • Sunfire raised $541M (Series E) on March 5, 2024.
  • StormFisher Hydrogen raised $30M (Funding Round) on March 4, 2024.
  • Wise Integration raised $16M (Series B) on March 1, 2024.

Who to call at International Battery Company, and when

A new round usually means International Battery Company is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at International Battery Company, from your own LinkedIn network

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Company Information

Company

International Battery Company

Location

Jersey City, New Jersey, United States

About

International Battery Company (IBC) is building proprietary I-NMC Prismatic cells in India at the planned non-captive Gigafactory. IBC cells will reduce battery complexity due to the large form factor, have 40% higher energy density than LFP cells, and are recyclable. These cells will be especially suited for mobility applications (EVs). The supply chain will be localized and secured to enable energy independence. While the R&D is being done in the US, a pilot plant is being built in South Korea, and High-Volume-Manufacturing is planned to be done in India at the non-captive Gigafactory.

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Related People

1 contact
Verified contactsSabyasachi P., Director hiddenSee plans and pricing
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International Battery Company raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.