Amara Raja Batteries invests $5 million in Log 9 Materials

CHENNAI: Amara Raja Batteries has invested $5 million in

Log 9 Materials

, a Bengaluru-headquartered battery-tech and deep-tech startup as part of the latter's ongoing Series A+ round.

This investment is backed by an equity partnership and collaboration between Log 9 and Amara Raja Batteries (ARBL). Log 9 has also raised another $3.5 million from multiple existing and new investors. The existing investors include Exfinity Ventures and Sequoia Capital India's Surge Programme.

The strategic angels who also participated in this funding round are -- Rajesh Yabaji and Chanakya Hridaya, Co-Founders of logistics industry Unicorn Blackbuck; Rajesh Ramaiah, Partner, Premji Invest; Desikan Sundarajan, MD, Equinor and Faiz Mayalakkara, Director Investments, Emirates Investment Authority. AC Ventures (

SEA Frontier Fund LLP

) is also among the new investors in Log 9.

ARBL's investment in Log 9 Materials is a part of the 'Energy & Mobility' strategy announced by the company in June this year, which focuses on entering into new green technologies and solutions. While providing an impetus to the research and development work at ongoing projects of Log 9, ARBL is expected to be the primary partner for scaling up the manufacturing operations of Log9's battery and fuel cell technologies.

Log 9’s newly developed Rapid Charging Battery Packs solve multiple challenges to expedite 2/3 wheeler EV adoption in India, whereas Log 9’s flagship aluminium fuel cell technology is targeted towards long-haul electric mobility and as a zero emission alternative to diesel generators.


Akshay Singhal, Founder & CEO, Log 9 Materials said, “The partnership with ARBL will enable us to propel commercialization at scale of our rapid charging batteries, which in turn shall play a major role in the future in Log 9 eventually becoming the frontrunner and one of the largest Indian players in advanced cell chemistries. In the upcoming months of 2021, we are looking to take our rapid charging battery-tech to end-users at scale; on the other hand, the development and advancements of our aluminium fuel cells will also continue to happen in parallel -- including pilots and OEM-level vehicular integrations.”

Vikramadithya Gourineni, executive director at ARBL, said, “This will mark the first in a series of interesting developments that we plan to execute in the future. Log 9 has made great progress in developing a range of technologies that will prove very promising in emerging mobility applications. This investment is in line with our Core purpose and our values.”


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