# Cancrie

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cancrie

- Industry: Materials
- Headquarters: Jaipur, India
- Website: www.cancrie.co/
- Total disclosed funding: $1.1M
- Latest round: Seed (Dec 27, 2024)
- Investors on record: 5

## About

Founded in 2020 by co-founders Akshay Jain and Mahi Singh and based in Jaipur, India, Cancrie Inc. is a manufacturer of nanocarbon material, including batteries and capacitors to enhance battery energy storage. In January 2025, Cancrie Inc. raised USD 1.2 million in seed funding co-led by investors Roots Ventures and Centre for Innovation, Incubation, and Entrepreneurship.

Cancrie’s primary product is a patented nanocarbon material, which is derived from waste products such as coconut shells and agricultural waste. This nanocarbon material is used in the production of batteries and capacitors, which increase the cycle life, capacity, and discharge rates. Additionally, it integrated into existing production lines without requiring significant changes to the manufacturing process. The primary end users include manufacturers of batteries and capacitors across various sectors, such as consumer electronics, renewable energy storage, and electric vehicles.


Cancrie generates revenue by supplying these advanced materials to manufacturers of batteries and capacitors.

The company will use the January 2025 funding to expand its business and accelerate its research and development.

## Funding rounds

- Seed, Dec 27, 2024, $1.1M — SIDBI, IIMA Ventures, Roots Ventures, Sagana, Fondation Botnar

## Investors

- SIDBI (https://capitalatlas.ai/funds/sidbi) — Seed
- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Seed
- Roots Ventures (https://capitalatlas.ai/funds/roots-ventures) — Seed
- Sagana (https://capitalatlas.ai/funds/sagana) — Seed
- Fondation Botnar — Seed