Himadri Speciality Chemical invests in Invati Creations to propel lithium-ion battery technology

In a significant move that underscores its commitment to innovation in energy storage technologies, Himadri Speciality Chemical Limited (Himadri), a leading global specialty chemical conglomerate, has announced its acquisition of a 40% stake in Invati Creations Private Limited (Invati) for Rs. 45.16 crores. This strategic investment is poised to bolster Himadri’s position in the rapidly evolving lithium-ion (Li-ion) battery materials market, marking a key milestone in its expansion strategy.

The acquisition entails Himadri partly purchasing Invati’s stake with an infusion of Rs. 19.99 crores in cash as growth capital, alongside a balance consideration of Rs. 25.17 crores discharged through a share swap. This involves the issuance of 7,96,446 equity shares of Himadri, on a preferential basis to the promoters of Invati. This collaborative venture is designed to synergize the strengths of both companies, fostering innovation in Li-ion battery technology and other energy solutions.

Invati, an enterprise founded by alumni of IIM Kolkata and IIT Kharagpur, is distinguished by its focus on engineering Li-ion electrode materials that promise higher energy density and extended battery life. Leveraging cutting-edge nanotechnology and biosciences, Invati aims to address real-world challenges across life-science verticals and industries like agrochemical, animal health, and energy storage, with a portfolio that includes multiple patented technologies for novel molecule inventions.

This partnership is set to enhance the storage efficiency, charging speed, and lifespan of Li-ion batteries, reflecting a shared vision of advancing clean energy technologies. “We are excited about the potential of this collaboration in shaping a sustainable future,” said Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd. Mukeshh Agarwal, Director of Invati Creations Private Ltd, echoed this sentiment, highlighting the strategic investment by a leading global specialty chemical company as a significant step in their journey of innovation.

The collaboration between Himadri and Invati represents a fusion of rich R&D expertise and innovative technology, aimed at improving the performance, safety, and recyclability of batteries. As the global battery market experiences rapid growth, this partnership is timely, positioning both companies to make a substantial impact in the realm of energy technology.

Key Insights

– Himadri’s acquisition of a 40% stake in Invati Creations for Rs. 45.16 crores marks a significant stride towards innovation in lithium-ion battery technology.

– The strategic investment will see Himadri infuse Rs. 19.99 crores in cash into Invati, with the remaining consideration facilitated through a share swap, strengthening the collaborative synergy between the two entities.

– This partnership underscores both companies’ dedication to driving advancements in clean energy technologies, setting a new benchmark in the lithium-ion battery materials market.