Companies · Other Energy

International Battery Company, Inc.

Milpitas · Other Energy

Diligence memoA one-page analyst read on International Battery Company, Inc. — recommendation, valuation, rhythm, risks.
$40.9M
Total raised · real
2
Rounds
1.5×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jun 03 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

International Battery Company, Inc. looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the energy sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.13× the median modeled value of Series B Other Energy companies in 2025–2027 (25 peers) — value vs value, same stage and era.
  • Within the normal band (113% of peer median) for its niche.
Active
  • Last raise 13 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Energy

International Battery Company, Inc. is one of 2049 Other Energy companies tracked from Milpitas. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

climate/cleantech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
8
Investors (latest)
2022
Year incorporated
2025-06-03
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeries B · 2023-03-28 Raised $16M (real) Modeled valuation $111M (est)$16M$111MSeries B2023Series B · 2023-04-05 Raised $16M (real) Modeled valuation $110M (est)$16M$110MSeries B2023Series B · 2025-06-03 Raised $25M (real) Modeled valuation $109M (est)$25M$109MSeries B2025+$16M+$25MCumulative $57M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$16.3M · 2023
Series B extension$16.3M · 2023
Series B extension$24.6M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$108.8M
Base estimate est.
$58.3M
Conservative case
$163.3M
Upside case
$136.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Series B · modeled $110.7M · 2023-03-282023Series B · modeled $110.3M · 2023-04-05Series B · modeled $108.8M · 2025-06-032025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.22×/yr
Annual markup
1.47×/yr upside case
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$18.7M/yr
Capital velocity
3.3 yr
On record since
2023
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2049 companies in Other Energy. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 12× above median
This company$40.9M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$24.6M
Sector median$19.1M
Modeled value — vs sector median (estimate, all stages) 6.4× above median
This company$108.8M
Sector median$17.0M

Raised more than 88% of sector peers (real $). Modeled value above 83% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #9 of 25.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)American Resources Corp · Series B Raised $74.2M · modeled $164.9M (est)Realta Fusion Inc. · Series B Raised $44.5M · modeled $160.2M (est)e2 Companies LLC · Series B Raised $55.0M · modeled $158.0M (est)Sinda Ltd. · Series B Raised $32.6M · modeled $132.4M (est)Cig Cs3, Llc · Series B Raised $30.5M · modeled $123.5M (est)ZincFive, Inc. · Series B Raised $110.4M · modeled $119.1M (est)Avalanche Energy Designs, Inc. · Series B Raised $57.7M · modeled $116.2M (est)Terrestrial Energy Inc. · Series B Raised $131.0M · modeled $112.6M (est)X-Energy Management, LLC · Series B Raised $22.8M · modeled $100.3M (est)Spark Community Investment Co · Series B Raised $29.2M · modeled $99.3M (est)Nuvve Holding Corp. · Series B Raised $35.5M · modeled $98.1M (est)International Battery Company, Inc. (this company) Raised $40.9M · modeled $108.8M (est)International Battery Company, Inc.
CompanyStageRaised · realValue · estvs peer med.
American Resources CorpSeries B$74.2M$164.9M1.71×
Realta Fusion Inc.Series B$44.5M$160.2M1.66×
e2 Companies LLCSeries B$55.0M$158.0M1.64×
Sinda Ltd.Series B$32.6M$132.4M1.37×
Cig Cs3, LlcSeries B$30.5M$123.5M1.28×
ZincFive, Inc.Series B$110.4M$119.1M1.24×
Avalanche Energy Designs, Inc.Series B$57.7M$116.2M1.21×
Terrestrial Energy Inc.Series B$131.0M$112.6M1.17×
International Battery Company, Inc. this companySeries B$40.9M$108.8M1.13×
X-Energy Management, LLCSeries B$22.8M$100.3M1.04×
Spark Community Investment CoSeries B$29.2M$99.3M1.03×
Nuvve Holding Corp.Series B$35.5M$98.1M1.02×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$16.3M2023-03-28$90.6M$110.7M90%
Series B$16.3M2023-04-05$90.6M$110.3M90%
Series B$24.6M2025-06-03$136.4M$108.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$16.3M2023-03-28
    • First recorded raise — entered as Series B.
  2. Series B$16.3M2023-04-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  3. Series B$24.6M2025-06-03
    • Raised again after 26 mo — slower than the ~12 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 8 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~13mo cadence
$37.0M
Modeled next size est.range $24.6M$59.2M
1.5×
Last step-up
$18.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Jason Chung1 other2025-06
Danny Chug2025-06
Nishit Garg2025-06
Priyadarshi Panda2023-03
Ramesh Singh2025-06
Sudar Ramamurthy2025-06
Registry & provenance

International Battery Company, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1957197
SEC CIK
2022
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Super Green Biofuels IncOther EnergySeries B$40.8M$59.7Msame sector · same stage
Erthos Inc.Other EnergySeries B$41.4M$153.1Msame sector · same stage
Venterra Group PlcOther EnergySeries B$39.9M$54.1Msame sector · same stage
mPower Technology, Inc.Other EnergySeries B$42.5M$96.3Msame sector · same stage
OneSun, Inc.Other EnergySeries B$39.1M$44.3Msame sector · same stage
David Energy Systems, Inc.Other EnergySeries B$38.1M$87.0Msame sector · same stage
Realta Fusion Inc.Other EnergySeries B$44.5M$160.2Msame sector · same stage
Tioga Energy, Inc.Other EnergySeries B$45.1M$88.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
International Battery Metals Ltd.Climate / CleantechSeed$919K91%
Battery X Metals Inc.Climate / CleantechPre-Seed$211K88%
Battery Metals, Inc.Climate / CleantechSeries A$18.2M88%
AM Batteries, Inc.Energy / ClimateSeries C$343.7M88%
Avanti Battery CoOther EnergySeries A$54.9M88%
Advanced Battery Concepts, LLCOther EnergySeries A$102.3M87%
Global Battery Materials Corp.Climate / CleantechPre-Seed$1.7M87%
Battery Electron Transport Associates, Inc.Climate / CleantechPre-Seed$2.6M87%
Frequently asked
How much funding has International Battery Company, Inc. raised?
International Battery Company, Inc. has raised approximately $40.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is International Battery Company, Inc.'s estimated valuation?
Provath's modeled valuation for International Battery Company, Inc. is approximately $108.8M (modeled range $58.3M–$163.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is International Battery Company, Inc. at?
International Battery Company, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jun 03.
What does International Battery Company, Inc. do and where is it based?
International Battery Company, Inc. operates in the Other Energy sector, based in Milpitas.
Explore related

See where International Battery Company, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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