Epsilon Group has unveiled plans to invest an estimated 15,350 INR-Crore in Karnataka to develop a cutting-edge EV battery technology facility. This initiative will focus on manufacturing, research, and testing, shaping India’s growing electric vehicle ecosystem. The company signed an MoU with the Government of Karnataka at the Invest Karnataka Summit in Bengaluru, solidifying its commitment.
Over the next 10 years, Epsilon aims to fortify EV battery technology by creating thousands of jobs and enhancing India’s role as a global battery hub. The investment includes 9,000 INR-Crore for a Graphite Anode manufacturing plant, 6,000 INR-Crore for an LFP Cathode plant, and 350 INR-Crore for an advanced R&D and training center dedicated to battery materials and testing.
Also read: India’s Economic Growth at the World Economic Forum 2025: Key Investments
Epsilon Group, through its subsidiaries Epsilon Advanced Materials and Epsilon CAM Pvt Ltd, will produce high-performance Graphite Anode and LFP Cathode battery materials. Meanwhile, Inspire Energy Research Center Pvt Ltd will drive innovation by conducting research, testing, and training for battery manufacturers.
By establishing Graphite Anode and LFP Cathode manufacturing plants, along with an advanced R&D and testing center in Karnataka, Epsilon is ensuring that India strengthens its EV battery technology sector. This bold step will reduce dependency on imports, foster innovation, and pave the way for a self-reliant energy future.
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