# Log 9 Materials Scientific Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/log-9-materials-scientific-pvt

- Industry: Energy Storage & Batteries
- Headquarters: Bengaluru, India
- Website: www.log9materials.com
- Total disclosed funding: $31M
- Latest round: Series B (Feb 23, 2023)
- Investors on record: 22

## About

Log 9 Materials, based in India, innovates in advanced battery technology and energy storage solutions, catering to residential, commercial, and industrial sectors with products designed for extreme climates.Log 9 Materials Scientific Pvt Ltd focuses on the development of advanced battery technologies. Founded in 2015 in Bengaluru, India, by Akshay Singhal, Kartik Hajela, Nashim Akhtar, Pankaj Sharma, Rahul Anand, and Sushma Rao, the company has completed 11 deals, with its most recent funding round being a Series B on February 23, 2023. The company raised a total of INR 538.424 million from investors including InCred Financial Services Limited, Rural Technology and Business Incubator, Unity Small Finance Bank, TCI Ventures, Trifecta Capital, and LVX, achieving a current company valuation of INR 20,699.741 million.Log 9 Materials specializes in advanced battery technology and energy storage solutions tailored for the residential, commercial, and industrial sectors. Their core product offerings include batteries known for their resilience and performance in extreme weather conditions, with thermal stability ranging from -40°C to +65°C. These products aim to meet the growing demand for reliable energy storage in tropical climates, serving markets primarily in Southeast Asia, Africa, and Latin America. Their innovative solutions ensure sustained energy performance, suitable for a range of users from homeowners to large industrial facilities seeking effective energy management and storage.Log 9 Materials operates on a business-to-business (B2B) model, generating revenue through sales of battery systems and energy storage products targeted at businesses seeking improved energy efficiency and resilience. In the most recent year, 2022, the company reported revenue of INR 3,317,026.90 and an EBITDA of INR -1,769,063.10. Revenue is derived from established contracts and agreements where clients purchase tailored battery systems to meet specific energy needs, appealing to diverse clientele across various applications.In February 2023, Log 9 Materials Scientific Pvt Ltd secured INR 538.42 million in Series B funding, which will be directed towards the development of new battery products and enhancing their technology portfolio. The company aims to expand into new markets, particularly focusing on regions in Southeast Asia and Africa, by the end of 2024. The recent funding will support these initiatives, allowing Log 9 to increase its manufacturing capabilities and distribution networks to better serve emerging markets.

## Funding rounds

- Series B, Feb 23, 2023, $6.5M — Trifecta Capital, InCred Financial Services Limited, TCI Ventures, LVX, Rural Technology and Business Incubator, Unity Small Finance Bank
- Series B, Jan 3, 2023, $11M — Anicut Capital, InCred Financial Services Limited, Western Capital Management, Cornerstone Ventures, SiriusOne Capital, Oxyzo Financial Services Pvt. Ltd., PTV International Ventures, Kube Opportunities, LP, Rural Technology and Business Incubator, Unity Small Finance Bank
- Series A, Jul 17, 2021, $9.8M — Hong Shan, Exfinity Venture Partners, Vistra ITCL, Petronas Ventures, Amara Raja Batteries Limited
- Series A, Oct 12, 2019, $3.4M — Lightspeed Venture Partners, Hong Shan, Nexus Venture Partners, Blume Ventures, Omidyar Network, Exfinity Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Hong Shan — Series A
- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series A
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series A
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series A
- Exfinity Venture Partners (https://capitalatlas.ai/funds/exfinity-venture-partners) — Series A
- Vistra ITCL — Series A
- Petronas Ventures (https://capitalatlas.ai/funds/petronas-ventures) — Series A
- Amara Raja Batteries Limited — Series A
- Anicut Capital (https://capitalatlas.ai/funds/anicut-capital) — Series B
- InCred Financial Services Limited — Series B
- Western Capital Management (https://capitalatlas.ai/funds/western-capital-management) — Series B
- Cornerstone Ventures — Series B
- SiriusOne Capital (https://capitalatlas.ai/funds/siriusone-capital) — Series B
- Oxyzo Financial Services Pvt. Ltd. — Series B
- PTV International Ventures — Series B
- Kube Opportunities, LP — Series B
- Rural Technology and Business Incubator — Series B
- Unity Small Finance Bank — Series B
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series B
- TCI Ventures — Series B
- LVX (https://capitalatlas.ai/funds/lvx) — Series B