What They Build
Altmin develops cathode active materials and battery-material supply-chain capabilities for lithium-ion cell manufacturing.
Why They Matter
Cell manufacturing announcements mean little without local materials capacity. Altmin matters because cathode materials are technically demanding, supply-chain sensitive, and central to battery economics. The company has to prove product consistency at the quality level cell makers require.
Founders
Anjani Sri Mourya Sunkavalli
Recent Milestones
- India's first cathode active material pilot plant inaugurated with ARCI at Hyderabad in August 2023, producing LFP at about 100 kg per day
- Strategic lithium partnership signed with Bolivia's state lithium company YLB in November 2023
- Growth capital raised in January 2024 from an Indian iron-phosphate manufacturer's family office, with a $100M five-year investment outlay announced
- Foundation laid in March 2025 for an LFP cathode gigafactory at Divitipally, Telangana, targeting an initial 8 GWh of capacity
- Brazil lithium refinery listed under the 14-nation Mineral Security Partnership in 2025, a first for an Indian project