Quad Investors Network Instrumental In $650M U.S. Investment by India's Epsilon Advanced Materials

15.11.2023 - 07:31:46

Business Wire India

Today, the Quad Investors Network (QUIN) proudly announced its collaboration with India’s Epsilon Advanced Materials in support of the company’s recent decision to build a $650 million battery materials and components plant in North Carolina. The deal represents the first and largest investment ever made by an Indian company into the U.S. electric battery industry, and is expected to create 500 jobs in North Carolina.

"Epsilon Advanced Materials’ investment is a demonstration of our mission at the Quad Investors Network: to facilitate cross-border investments across the Quad nations,” said Karl Mehta, Chairman of the Quad Investors Network. “This investment promotes cooperation among Quad countries in securing the global supply chain for critical minerals. We are excited to have collaborated with them in this significant achievement, and look forward to their success.”

Vikram Handa, Managing Director of Epsilon Advanced Materials, thanked the QUIN for its involvement. “Considering this strategic investment, I would like to express my enthusiasm and gratitude for the unwavering support of the Quad Investors Network. Their collaboration has been instrumental in realizing our vision for a robust and sustainable supply chain of critical minerals in the United States of America. Epsilon Advanced Materials looks forward to actively engaging in discussions and initiatives that promote Quad cooperation, deeming such collaboration crucial for advancing the global supply chain of critical minerals and enhancing the Electric Vehicle industry and broader clean energy sector," said Vikram Handa.

Epsilon Advanced Materials’ investment is essential for the collective advancement of the electric vehicle (EV) industry, as well as the broader clean energy sector. The new 1.5-million-square-foot North Carolina facility will produce anodes and synthetic graphite, two components vital to the EV battery supply chain. The company expects the plant will reach full capacity by 2031, producing 50,000 standard tons of anode materials, which could supply up to 1.1 million EVs in the United States.

About Epsilon Advanced Materials

Epsilon Advanced Materials is at the forefront of battery material solutions, producing high-caliber, innovative and environmentally conscious lithium-ion (LiB) materials. Founded in 2018 and headquartered in Mumbai, India, Epsilon's mission resonated with supporting the global battery industry's transition to clean and green energy. With a significant presence spanning Europe, North America and South-East Asia, Epsilon continues to set the industry benchmarks. For more information, visit https://www.epsilonam.com/

About Quad Investors Network

The Quad Investors Network is a charitable, independent initiative dedicated to building a more prosperous, resilient, and innovative Indo-Pacific region. Through joint investment, technical collaboration, and strategic partnership, the Network works to accelerate the development and manufacture of critical and emerging technologies across the Quad nations. Major investors, industry leaders, and public institutions in Australia, India, Japan, and the United States have joined the QUIN in this mission. For more information, visit https://www.quadinvestorsnetwork.org/