BasqueVolt, a developer of solid-state lithium batteries, is headquartered in Minano, in Spain’s Araba/Alava province.
Anupam Rasayan signs USD 300 mn LOI with Spain’s BasqueVolt for battery chemical supply
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The company said the LOI was preliminary and any supply agreement would depend on successful product development and the negotiation of a definitive supply contract.
Anand Desai, Managing Director of Anupam Rasayan, said the agreement reflected the company’s push into the electronic chemicals segment.
“Our continued investments in R&D, process capabilities, and customer-centric innovation position us well to capture emerging opportunities in this space,” he said in a statement.Anupam Rasayan, incorporated in 1984, manufactures specialty chemicals across two segments: life science-related chemicals for agrochemicals, personal care and pharmaceuticals, and performance materials covering electronics, EV chemicals and polymers.
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The company supplies more than 75 domestic and international customers, including 31 multinational firms, from six manufacturing facilities in Gujarat – four in Sachin, Surat, and two in Jhagadia, Bharuch – with combined installed capacity of about 30,000 tonnes as of March 31, 2026.