Anupam Rasayan India Ltd, one of the leading specialty chemicals manufacturers, has signed a Letter of Intent (LOI) with U.S.-based Elementium Materials Inc. to supply essential chemicals for an advanced electrolyte used in electric vehicle (EV) batteries.
This collaboration marks Anupam Rasayan’s entry into the battery chemicals sector, leveraging its expertise in custom synthesis and chemical innovation. The supply is set to begin by the end of FY26, with a potential five-year agreement valued between $350 to $450 million.
To meet the growing demand, initial production will be handled through existing facilities, while a new manufacturing plant may be established to support large-scale production.
Anand Desai, Managing Director of Anupam Rasayan, stated: “This partnership aligns with our strategy to enter the battery chemicals market and collaborate directly with OEMs. Our advanced electrolyte chemicals will significantly improve EV battery performance, enhancing power output, safety, and efficiency. This move strengthens our commitment to sustainable innovation and revenue growth.”
