Liion

International Battery Company, a startup developing lithium-ion battery cells for electric vehicles, has raised $35 million as it plans to bridge the demand-supply gap in the growing EV market in India. International Battery Company touts to address these issues and fulfill both the current and projected demand of EV batteries in the country with its in-house Li-ion battery cells. So, we want to participate in that journey in India,” Priyadarshi Panda, founder and CEO of International Battery Company, told TechCrunch in an interview. “We are proactively preparing for the execution of building the gigafactory in India, which we will do with the additional fundraising.”Distinctive edgeNotably, International Battery Company is not alone in building Li-ion battery facilities in India. “The [International Battery Company] founders, and the way they have approached so far is just very different from a lot of others.