Altmin's Ambitious Plan to Revolutionize India's Battery Material Supply Chain

30 SEC SUMMARY

Altmin, founded in 2023 by Anjani Sri Mourya Sunkavalli and Kiriti Varma, aims to revolutionize India's battery material supply chain. The Hyderabad-based startup has set up a pilot plant and plans to launch a giga-factory in Divitipally, Telangana, targeting a significant reduction in India's dependence on foreign lithium supplies.

TABLE OF CONTENTS

1. Company Overview
2. Technology and Facilities
3. Strategic Partnerships
4. Funding and Future Plans
5. Key Highlights
6. FAQs
7. Conclusion
8. Call-to-Action

Company Overview

Altmin was established in Hyderabad in 2023 by Anjani Sri Mourya Sunkavalli and Kiriti Varma. The company focuses on battery materials, particularly cathode active materials for lithium-ion cells. Despite India's growing demand for electric vehicles and renewable energy storage, the country imports most of its lithium-ion cell components.

Technology and Facilities

Pilot Plant and Giga-Factory

Altmin's technological prowess is showcased through its pilot plant at the ARCI campus in Balapur, Hyderabad, which produces around 100 kilograms of LFP per day. In March 2025, the company laid the foundation stone for a giga-factory in Divitipally, Telangana. This Rs 750 crore project spans 20 acres with an initial capacity of 8 gigawatt-hours, aiming to reach 100,000 tonnes annually by 2030.

Strategic Partnerships

Altmin has formed several strategic partnerships to secure its raw materials and technological collaborations. In September 2025, it became the first Indian project listed with the Minerals Security Partnership, a US-led alliance focused on diversifying critical mineral supply chains. Additionally, Altmin has partnered with Singareni Collieries, a coal miner owned by the Telangana and central governments, to build a battery-grade lithium refinery.

Funding and Future Plans

Although Altmin has raised about $3.61 million in a single round from an Indian family office, the $100 million figure reported across coverage refers to the planned investment over five years. The company aims to commission the new refinery within two years of groundbreaking, targeting a significant reduction in India's dependence on foreign lithium supplies.

Key Highlights

• Altmin aims to revolutionize India's battery material supply chain.
• The company has a pilot plant in Hyderabad and plans to launch a giga-factory in Divitipally.
• Strategic partnerships include YLB, Bolivia's state lithium company, and Singareni Collieries.
• Altmin seeks to reduce India's reliance on foreign lithium supplies.
• The company targets launching the new refinery by the end of 2026.

FAQs

What is Altmin's primary focus?

Altmin focuses on battery materials, particularly cathode active materials for lithium-ion cells.

What is the capacity of Altmin's giga-factory?

The giga-factory in Divitipally has an initial capacity of 8 gigawatt-hours and aims to reach 100,000 tonnes annually by 2030.

Who are Altmin's key partners?

Altmin has strategic partnerships with Singareni Collieries and YLB, Bolivia's state lithium company.

Conclusion

Altmin's ambitious plans and strategic partnerships position it as a key player in revolutionizing India's battery material supply chain. With significant investments and technological advancements, Altmin aims to reduce the country's dependence on foreign lithium supplies and contribute to the growth of India's electric vehicle and renewable energy sectors.

Call-to-Action

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