Company:Log 9 Materials
| Type | Private |
|---|---|
| Industry | |
| Founded | 2015 |
| Founder | Akshay Singhal |
| Headquarters | Bangalore, Karnataka , India |
Area served | Worldwide |
Key people | |
| Products |
|
| Subsidiaries | Log9 Spill Containment Pvt. Ltd |
| Website | www |
Log9 Materials is an Indian nanotechnology company, headquartered in Bangalore,[2] operating in the areas of sustainable energy and filtration. With 16 patents around Graphene, Log9 Materials has developed Aluminium–air battery, aluminium fuel cells for both mobility and stationary energy applications. Log9 was awarded "Most Innovative Technology Company of 2018" by the Department of Science and Technology (India), Government of India.[3]
History
Log9 was founded by Akshay Singhal along with Kartik Hajela in 2015[4][5] and has acquired 16 patents in graphene synthesis and graphene products.[6] It is the first start-up to be incubated by IIT Roorkee in its business incubator TIDES.[7] In 2017, Log9 secured its first round of funding led by Gems Partners, a micro venture capital fund,[7] to establish its own research & development center in Bangalore and tied up with the Indian Institute of Science to build products jointly using the latter's analytical and research capabilities.[1][8]
The company has set up its subsidiary in Mumbai by the name of Log9 Spill Containment, a graphene-based product development company that specializes in oil and chemical spill containment solutions.[9][10][11] In 2017, Indian defence tied up with Log9 for the deployment of nanotechnology.[12]
Funding
In 2019, Log9 Materials raised $3.5 Million Series A funding led by Sequoia Capital and Exfinity Venture Partners.[13][6]
Awards
- 2018: Awarded "Most Innovative Technology Company of 2018" by Department of Science and Technology (India)[3]
References
- ↑ 1.0 1.1 Srinivasan, Supraja (2 June 2017). "Log9 Materials: In the business of purification". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/log-9-materials-in-the-business-of-purification/articleshow/58952238.cms?from=mdr.
- ↑ Jain, Shruti (11 May 2017). "Nanotechnology startup Log9 Materials raises funds from GEMs". VCCircle. https://www.vccircle.com/exclusive-court-restrains-iba-from-using-the-word-andersen.
- ↑ 3.0 3.1 "Nanotech start-up Log9 raises Pre Series-A funding". Business Line. 23 July 2018. https://www.thehindubusinessline.com/info-tech/nanotech-start-up-log-9-raises-pre-series-a-funding/article24495900.ece.
- ↑ Das, Goutam (14 January 2018). "Log9 Materials: Successful Experiment". Business Today (India) (New Delhi). https://www.businesstoday.in/from-the-mag/log-9-materials-successful-experiment/story/266677.html.
- ↑ Raghvan, T.C.A Sharad (21 October 2017). "Homegrown tech company infuses new life into lead acid batteries". The Hindu (New Delhi). https://www.thehindu.com/business/homegrown-tech-company-infuses-new-life-into-lead-acid-batteries/article19896735.ece.
- ↑ 6.0 6.1 Kapur, Narinder (21 October 2019). "Clean-tech startup Log9 Materials raises Series A funding from Sequoia Surge, Exfinity". VCCircle. https://www.vccircle.com/clean-tech-startup-log-9-materials-raises-series-a-funding-from-sequoia-surge-exfinity/.
- ↑ 7.0 7.1 Borgohain, Ananya (7 December 2017). "Lighter than hair, stronger than steel: A startup experiments with a wonder material". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/features/lighter-than-hair-stronger-than-steel-a-startup-experiments-with-a-wonder-material/articleshow/61890637.cms.
- ↑ "Clean Tech Start-up Log9 Materials Raises Series-A Funding of $3.5 Million" (in en-US). 2019-10-21. https://www.nfapost.com/clean-tech-start-up-log-9-materials-raises-series-a-funding-of-3-5-million/4671/.
- ↑ Kapur, Narinder (23 September 2019). "Oil spill clean-up firm Log9 soaks up pre-Series A funding". VCCircle. https://www.vccircle.com/former-banyantree-pe-exec-s-sme-fund-makes-third-bet.
- ↑ "Log9 Spill Containment Secures Pre Series A Funding Of Rs 4 Crore". Businessworld. 23 September 2019. http://bwdisrupt.businessworld.in/article/Log-9-Spill-Containment-Secures-Pre-Series-A-Funding-Of-Rs-4-Crore/23-09-2019-176548/.
- ↑ "Log9 Spill Containment receives pre-Series-A funding of Rs 4 crore". The Economic Times. 25 September 2019. https://auto.economictimes.indiatimes.com/news/aftermarket/log-9-spill-containment-receives-pre-series-a-funding-of-rs-4-crore/71290962.
- ↑ "Indian defence to use nanotechnology, ties up with startup Log9". The Economic Times. 13 December 2017. https://tech.economictimes.indiatimes.com/news/technology/indian-defence-to-use-nanotechnology-ties-up-with-startup-log-9/62042765.
- ↑ "Log9 Materials raises Series A funding of Rs 24.22 crore". The Economic Times. 22 October 2019. https://auto.economictimes.indiatimes.com/news/auto-components/log-9-materials-raises-series-a-funding-of-rs-24-22-crore/71699014.
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