Battery anode materials start-up Epsilon Advanced Materials (EAMPL) has entered into a memorandum of understanding (MoU) with Charge CCCV (C4V) to supply material for an Indian lithium-ion battery gigafactory.
The MoU covers the development and qualification of the large-scale supply of synthetic anode material to support C4V’s domestic supply chain vision to establish gigafactory in India.
The MoU comes as the US-based C4V prepares to submit an application for the Indian government’s PLI-ACC scheme (Production Linked Incentives scheme for manufacturing advanced chemistry cell batteries).
As part of the agreement, both firms will jointly develop tailored, synthetic anode materials suited for applications in C4V’s lithium-ion cells and giga-scale production lines.
The collaboration is intended to result in a long-term, volume supply agreement for battery materials of C4V’s battery cells that target Indian-based growth markets including automotive and industrial applications.
Vikram Handa, managing director of Epsilon Advanced Materials— a subsidiary of Epsilon Carbon— said: “This partnership will give us an opportunity to develop anode material supply ecosystem in India for global supply.
“This move will not only support our PM’s vision of 'Aatmanirbhar Bharat' [a self-reliant India] but also put India on the global map as a battery material manufacturing hub.‘’
Epsilon has a commercial capacity of 2,500 tons per annum for anode precursor material (EMC series) and a pilot facility for coke powder (EMP series) and graphite anodes (EMG series).
C4V is involved in two gigafactory projects through its affiliates iM3NY (New York, USA) and iM3TVS (Townsville Australia) in association with its strategic partner and shareholder Magnis Energy Technologies.