Log9 Materials, founded in 2015 in Bangalore, India, specializes in nanotechnology-based energy storage solutions. The company develops and manufactures advanced batteries for residential, commercial, and industrial applications, with a particular focus on electric vehicle (EV) power systems. Through extensive research and development in graphene technology, Log9 Materials has established itself as India’s first commercial lithium-ion cell manufacturer, holding 16 patents related to graphene synthesis and products. Their solutions are specifically engineered to perform in tropical climates, featuring thermal stability from -40°C to +65°C.
Battery Technology
Log9 Materials produces several innovative battery types, including lithium-titanium-oxide (LTO) and lithium iron phosphate (LFP) batteries. Their RapidX battery series, designed for two and three-wheeler EVs, offers fast charging capabilities and extended lifespans, making them particularly suitable for commercial applications. These batteries can fully charge in minutes rather than hours, addressing a significant challenge in EV adoption.
The company’s manufacturing process integrates advanced materials science with precision engineering, resulting in batteries that deliver consistent performance under various conditions. Their LTO batteries have received BIS certification, confirming compliance with Indian standards. Additionally, Log9 Materials develops aluminum-air batteries and fuel cells targeted at heavier vehicles, supporting the electrification of long-haul transportation.
The company’s battery management systems incorporate sophisticated monitoring and control mechanisms, ensuring optimal performance and safety. These systems actively manage temperature, charging rates, and power distribution, extending battery life while maintaining efficiency.
Recent Projects
In September 2024, Log9 Materials formed a strategic partnership with Musashi Seimitsu Industry Co., Ltd. to combine their battery technology with Musashi’s e-Axle systems for electric two and three-wheelers. The company has announced plans to invest ₹2,350 crores in expanding its battery manufacturing capabilities, including ₹200 crores for its existing battery pack facility and ₹2,000 crores for a new Gigafactory planned for FY2025. In FY24, the company achieved a 48% revenue growth, reaching ₹110.37 crore.
Investors
Log9 Materials has attracted significant investment from notable institutions. Sequoia Capital and Exfinity Venture Partners led the Series A funding round in 2019. Amara Raja Batteries spearheaded the Series A+ funding round in 2021, while Petronas participated in a recent $40 million funding round. The company also received early seed funding from Gems Partners in 2017. These investments support Log9’s expansion plans and technological development initiatives.
Business Details
Location: Bangalore, Karnataka, India
Website: https://log9materials.com
LinkedIn: https://www.linkedin.com/company/log9materials/
