Nanotech start-up Log 9 Materials raises $3.5 million funding

Founded by IIT Roorkee alumni Akshay Singhal, Kartik Hajela, and Pankaj Sharma, Log 9 Materials aims to commercialize the use of graphene and move towards a cleaner environment with zero-emission, low-cost aluminium-air battery cells.

Interestingly, the company's first product was a graphene based cigarette filter, which claims to reduce the risk of cancer by 90%.

"Log 9 is building the future of energy," Anandamoy Roychowdhary, the Director of Technology at Sequoia Capital India LLP, said in a statement.

He further added, "Their tech can help us harness aluminium and will result in a 100 percent recyclable energy future that is safe, free of distribution calamities risk, and generates zero waste - and hence, fully sustainable."

Speaking on the recent fund-raise, Singhal, who is also the CEO of Log 9 Materials, said that the fresh funds will be utilized for the development and deployment of company's flagship project, the aluminium-air fuel cells.

With this, the start-up aims to revolutionize the energy sector with safer, economical, and scalable batteries for EVs, which would result in zero-emission.

With the latest investment from Sequoia India, the total funding amount raised by Log 9 Materials now stands at $3.9 million.

Prior to this round, the company had raised around Rs. 3 crore (around half a million dollars) in Pre Series A investment in 2018, and an undisclosed amount in a seed round of funding in 2017.