Epsilon Group to Invest Rs 15,350 Cr for EV battery Materials, Testing facility in Karnataka State

Epsilon Group has signed an MoU with the Karnataka government to invest Rs 15,350 crore in building a manufacturing and research facility for EV battery testing and advanced materials.

Under this agreement:

Epsilon Advanced Materials and Epsilon CAM will produce graphite anode and LFP cathode battery materials.
Inspire Energy Research Center will focus on R&D, testing, and training for EV battery materials.

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The investment breakdown:

• Rs 9,000 crore for a graphite anode plant.
• Rs 6,000 crore for an LFP cathode plant.
• Rs 350 crore for battery materials R&D and training.

The Karnataka government will provide approvals, incentives, and infrastructure support for Epsilon Group’s projects.

Vikram Handa, Managing Director, Epsilon Group said, “This association marks a significant milestone in India’s transition towards clean energy & EV revolution. Our investment in Karnataka aligns with our vision of making India self-reliant in advanced battery materials and supporting the country’s EV ambitions. We are committed to creating jobs, fostering technology innovation, and promoting sustainable manufacturing to drive economic growth within the state to strengthen the vision of Viksit Bharat.”

About Epsilon Group

Founded in 2010, Epsilon Group leads the carbon black and battery materials industry through its subsidiaries: Epsilon Carbon, Epsilon Advanced Materials, and Epsilon CAM.

Epsilon Carbon built India’s first integrated carbon facility on 165 acres in Bellary, Karnataka, producing 215,000 tons of carbon black and 320,000 tons of specialty carbon annually.

Epsilon Advanced Materials makes sustainable graphite anode and LFP cathode battery materials.

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