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Energy Tech Series A Founded 2022

IBC

IBC is a manufacturer of prismatic lithium-ion cells for mobility and energy storage applications. The company focuses on cell design and manufacturing, providing cells and tailored products to meet specific customer requirements. IBC offers end-to-end solutions for OEMs and materials providers, operating a pilot facility to test and validate manufacturing scalability. The company's technology targets the growing…

📍 Milpitas, United States · Energy Storage Tech,

Funding snapshot

Last roundSeries A
Amount$25M
Date3 June 2025
Total raised$64M
Valuation35,000,000 (Jan 18, 2024)
Team size10

About

IBC is a manufacturer of prismatic lithium-ion cells for mobility and energy storage applications. The company focuses on cell design and manufacturing, providing cells and tailored products to meet specific customer requirements. IBC offers end-to-end solutions for OEMs and materials providers, operating a pilot facility to test and validate manufacturing scalability. The company's technology targets the growing demand for high-performance lithium-ion cells in electric vehicles, stationary storage, and portable electronics. Founded in 2022 and headquartered in Milpitas, California, IBC has raised approximately $64 million at the Series A stage from investors including RTP Global, Beenext, Shastra, Himadri Chemicals and Industries, and FalconX.

Business model

Electric Vehicles > Components > Batteries > Multi Category Vehicles > Lithium Ion,

Energy Storage Tech > Battery > Secondary Battery > Lithium Ion > Electric Vehicles,

Auto Components > Electrical and Electronic System > Battery > Electric Vehicles > Multi Category > Lithium Ion

Founders & team highlights

Serial Founder

Team background

Company Wise > Intel, Amazon,

College Wise > Massachusetts Institute of Technology, IIM Ahmedabad, IIT Kanpur, Cornell Johnson Graduate School of Management

Institutional investors

RTP Global Beenext Shastra Himadri Chemicals and Industries FalconX

Backed by funds in our directory

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