Tech Company Financing Transactions
Log9 Materials Funding Round
Amara Raja Batteries, InCred Finance and Oxyzo participated in a $40 million Series B funding round for Log9 Materials. This venture round closed on 1/23/2023.
Transaction Overview
Company Name
Announced On
1/23/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$40,000,000
Round
Series B
Investors
Proceeds Purpose
The firm will also focus on commercial EV space and to expand into stationary battery sectors such as power backup and grid storage and eyeing pilots in overseas markets over the next few quarters.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Survey Number 9, Bellary Road, Off Jakkuru Main Road Next to
Bengaluru, Karnataka, 560092
IN
Bengaluru, Karnataka, 560092
IN
Phone
Website
Email Address
Overview
Standing at the forefront of fighting climate change, we at Log9, are furthering India's transition to a revolutionary, clean, and sustainable mobility and energy storage ecosystem by offering batteries that can be charged 9x faster, last 9x longer, and offer 9x higher performance and safety. A deep-tech start-up with the sole mission of Pioneering Responsible Energy, we are the only Indian company that holds in-house competencies in everything from electrode materials to cell fabrication to battery packs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Akshay Singhal
Chief Operating Officer
Kartik Hajela
Co-Founder
Pankaj Sharma
Browse more venture capital transactions:
Prev: 1/23/2023: TransCrypts venture capital transaction
Next: 1/23/2023: Sandbar venture capital transaction
Share this article
About Database of VC Transactions
We do our best to document all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs