Deep-tech battery startup Log9 on Monday said it has raised $40 million as a part of its Series B funding, in a mix of equity and debt led by Amara Raja Batteries Ltd and Petronas Ventures.
Log9, backed by its recent series of investments, aims to solve the challenges around safety, reliability, and performance by investing further into cell and battery technologies.
“The recent round of investments will allow us to grow our battery manufacturing capabilities to a 2 GWH capacity by the end of 2024 and commission India’s first fully integrated lithium-ion cell production line,” said Dr Akshay Singhal, Founder and CEO, Log9.
