By: ICN Bureau
Last updated : June 13, 2025 8:06 pm
The LoI envisions supply of a volume of up to 1,500 TPA of Lithium Hexafluorophosphate, based on market conditions
Anupam Rasayan India Ltd., a leading provider of custom synthesis and specialty chemicals, has signed a Letter of Intent (LoI) with E-Lyte Innovations GmbH (E-Lyte) a European developer and supplier of electrolyte solutions for energy storage and Fuchs Lubricants Germany GmbH a subsidiary of FUCHS SE working on innovative lubricant solutions.
This LoI is considered the entry point for Anupam Rasayan's collaboration with leading European companies within the battery value chain to take the next step in entering the fast-growing lithium-ion battery chemicals market. This agreement now lays the foundation of negotiating a supply contract with an initial term of five years. Commercial deliveries could begin as early as FY 2026-2027.
The LoI envisions supply of a volume of up to 1,500 TPA of Lithium Hexafluorophosphate (LiPF6), based on market conditions. The LoI is subject to standard terms as regards generally accepted rights for an agreement of this nature.
Speaking about the LoI, Anand Desai, Managing Director of Anupam Rasayan, said, "This partnership with E-Lyte and Fuchs Lubricants Germany is a significant step forward in our planned journey of diversification and growth into the energy storage segment. This LOI is a crucial step towards establishing a long-term relationship and a strategic partnership with E-Lyte and Fuchs Lubricants Germany for supply of high-quality cost-effective .
“Our process optimization capabilities have played a pivotal role in ensuring the product's validation, offering significant advantages over its global commercial scenario. Additionally, our backward integration in fluorine chemistry through our subsidiary, Tanfac Industries Ltd, provides raw material supply chain security-a critical factor that contributed to signing this LoI.
“Anupam will be one of the first manufacturers of this molecule in India commercially, strengthening our foothold in the rapidly expanding battery ecosystem. Entering the battery chemicals market positions Anupam as a preferred partner for global innovators in advanced energy solutions. This is one of the many products Anupam is working on in the battery space that has been successfully agreed for supply to a customer, with several others in the pipeline."
E-Lyte is at the forefront of innovation in the battery sector, developing and producing breakthrough liquid electrolytes for innovative energy storage systems used in various applications, with a focus on e-mobility. Since 2022, Fuchs Lubricants Germany has been supporting E-Lyte in its role as minority shareholder and strategic partner in expansion to meet the steadily growing demand.
Dr. Ralf Wagner at E-Lyte, about the signed LOI, stated, "It is of the utmost importance for E-Lyte to be able to source electrolyte components, which are critical for our products, at the highest quality and at stable prices at all times. With Anupam Rasayan, we are therefore very fortunate to have another experienced potential supplier at our side who fulfils these criteria and thus contributes to the future-proof production of our electrolyte solutions for lithium-ion, sodium-ion and next-generation batteries."