Anupam Rasayan India Ltd., a specialty chemicals manufacturer, has signed a Letter of Intent (LOI) with U.S.-based Elementium Materials Inc., a key player in battery electrolytes. Under the agreement, Anupam Rasayan will develop and supply critical chemicals for an advanced electrolyte used in electric vehicle (EV) batteries.
R&D and Production Timeline
Leveraging its expertise in chemical production, Anupam Rasayan will focus on developing the high-demand product, with supply expected to begin by the end of FY26. Initially, the company will use its existing manufacturing facilities to meet demand.
As per the press release, however, to fully scale production, it plans to establish a new manufacturing plant. Upon successful product development, both companies will negotiate a five-year supply agreement. Expected cumulative sales will range between $350 million and $450 million.
Leadership Insights on the Partnership
Anand Desai, Managing Director, Anupam Rasayan, said, “This partnership aligns with our strategy to enter the battery chemicals market. It also enables us to collaborate directly with OEMs.” The product we are developing will play a crucial role in manufacturing cost-effective and high-performance EV batteries. By enhancing battery efficiency, it will improve vehicle power output, ensuring a superior driving experience with greater safety. Moreover, this collaboration will drive strong revenue growth and profitability. It will also reinforce our presence in the battery chemicals sector. By combining our expertise in chemical production with a commitment to sustainable energy, we are helping overcome cost and performance barriers in EV adoption.
Dr. Matthew Dawson, CEO of Elementium Materials, highlighted, “This LOI is a significant milestone. It advances Elementium’s strategy to build a strong and diverse global supply chain.” Partnering with leading chemical manufacturers like Anupam Rasayan allows us to rapidly scale production of our next-generation electrolyte platform. This collaboration strengthens our ability to deliver ultra-high-performance batteries and sustainable energy solutions, driving the future of EV technology”.
