The fresh funds will be utilized for product advancement of the Aluminum fuel cells researched upon and developed by Log 9. This is the 3rd round of funding raised by Log 9; earlier rounds were raised in 2017 and 2018.
Log 9 Materials, is a Bengaluru-headquartered clean tech start-up. It has earned a reputation over the last few years as a pioneering Indian company leading research and commercialization of Graphene nanotech-based products and solutions.
Log9 has raised a fresh round of Series-A funding from Sequoia India’s scale up program Surge and Exfinity Venture Partners. The company had earlier raised seed funding in March 2017, followed by pre-series A funding of around ₹3 crore in 2018.
The latest funding secured by the company amounts to a massive ₹24.22 Crore (approx. $3.5 million). The newly raised funds will be used by Log 9 for further product development and commercial and industrial deployment of its Aluminium fuel cells—a project in the clean energy domain that the start-up has undertaken since last year.
The Aluminum fuel cell technology is being developed by Log 9 for both stationary and automotive applications, wherein the wonder material ‘Graphene’ is being used to make these cells commercially viable as well as economical and sustainable for the domestic and international markets.
Log9 is on a mission to provide 100% clean and circular energy economy solutions for making India energy independent and become an exporter of fuel in a New World Order they call the Aluminum Economy. Research and commercialization of Graphene nanotech-based products and solutions.
Log9 has raised a fresh round of Series-A funding from Sequoia India’s scale up program Surge and Exfinity Venture Partners. The company had earlier raised seed funding in March 2017, followed by pre-series A funding of around ₹3 crore in 2018. The latest funding secured by the company amounts to a massive ₹24.22 Crore (approx. $3.5 million).
The newly raised funds will be used by Log 9 for further product development and commercial and industrial deployment of its Aluminium fuel cells—a project in the clean energy domain that the start-up has undertaken since last year.
The Aluminum fuel cell technology is being developed by Log 9 for both stationary and automotive applications, wherein the wonder material ‘Graphene’ is being used to make these cells commercially viable as well as economical and sustainable for the domestic and international markets.
Log9 is on a mission to provide 100% clean and circular energy economy solutions for making India energy independent and become an exporter of fuel in a New World Order they call the Aluminum Economy.
