Himadri Speciality Chemical, a global speciality chemical conglomerate, announced its investment of AU$10.32 million (approx. US$6.70 million) in Sicona Battery Technologies.
The latter is an Australian start-up specialising in high-capacity silicon anode technology for lithium-ion batteries. It claims to have developed next-generation battery materials technology used in the anodes (negative electrodes) of lithium-ion (Li-ion) batteries that enable electric- mobility and storage of renewable energy.
The start-up says its current generation silicon-composite anode technology delivers 50-100% higher capacity than conventional graphite anodes, and its anode materials can deliver more than 50% higher cell energy density than current Li-ion batteries.
Himadri's decision to invest in Sicona aligns with its vision to produce high-quality anode materials and reinforces its commitment to exploring innovative technologies in the battery material segment. As part of its strategic investment, the company will have two nominee directors on Sicona's board, enabling close collaboration and synergy between the two companies.
Anurag Choudhary, Chairman & Managing Director, Himadri Speciality Chemical, said, “Our investment in Sicona is a strategic fit in this direction and we are extremely confident of Sicona’s team and technology and its ability to consistently innovate in the rapidly evolving battery technology landscape.”