Epsilon Group has announced a ₹15,350 crore investment to establish a manufacturing and research facility for EV battery materials and testing in Karnataka. The company formalized this commitment by signing a Memorandum of Understanding (MoU) with the Government of Karnataka at the Invest Karnataka Summit in Bengaluru.
This investment, planned over the next decade, aims to boost India’s EV ecosystem, create thousands of jobs, and position the country as a leader in advanced battery materials and technology. Under the MoU, Epsilon Group and its subsidiaries—Epsilon Advanced Materials and Epsilon CAM Pvt Ltd—will focus on Graphite Anode and Lithium Iron Phosphate (LFP) Cathode production, while Inspire Energy Research Center Pvt Ltd will drive research, testing, and training in battery technology.
The planned investments include ₹9,000 crore for a Graphite Anode manufacturing facility, ₹6,000 crore for an LFP Cathode manufacturing plant, and ₹350 crore for an R&D and training center focused on battery materials and testing.Epsilon Group aims to support Indian battery manufacturers by providing high-performance, locally-produced materials, reducing dependence on imports, and enhancing supply chain resilience.
Managing Director Vikram Handa stated, “This investment is a crucial step in making India self-reliant in advanced battery materials, driving the clean energy transition, and strengthening the country’s EV industry. Our commitment extends beyond manufacturing—we are focused on job creation, technological advancements, and sustainable industrial growth in Karnataka.”
Epsilon’s initiative aligns with India’s Atmanirbhar Bharat and Viksit Bharat vision, reinforcing energy security while reducing dependency on Chinese imports. The company will achieve 100% Domestic Value Addition (DVA) for anode materials and 60% DVA for cathode materials, significantly improving local value creation and supply chain localization.
By setting up state-of-the-art battery material plants and an advanced R&D center, Epsilon Group is positioning India as a key global player in the EV battery supply chain, ensuring a sustainable and secure source of critical materials for both domestic and international markets.
Epsilon Group is a diversified technology and engineering company specializing in advanced solutions across multiple industries, including aerospace, defense, automotive, and energy. With a strong focus on innovation and precision engineering, the company delivers high-performance products and services that cater to the evolving needs of global markets. Epsilon Group is known for its expertise in materials science, automation, and integrated manufacturing, ensuring cutting-edge solutions that enhance efficiency and sustainability. Through strategic investments in research and development, the company continues to push the boundaries of technology, positioning itself as a key player in high-tech industrial advancements.
