Ankur Capital and Others Give INR 25 Cr to Nanotechnology Startup Vimano

Additionally, eight unknown investors participated in the round, a company spokeswoman told Inc42. Vimano intends to use the additional funding to accelerate its energy transformation, launch energy ecosystem pilot projects, and grow its workforce. The startup faces competition from firms like Log9 Materials, ION Energy, and Gegadyne Energy, among others, in the cleantech industry.Vimano Secures INR 25 Crore in Ankur Capital-Led Seed Round With the new funding, Vimano will be able to continue pilot initiatives with partners in the energy industry. Additionally, it will help with employment initiatives and the development of scalable production capacity for its in-house membranes.Vimano, a business focused on nanotechnology and innovative materials, has raised INR 25 crore in its seed round, which was headed by Ankur Capital. This is the first investment made by Ankur Capital from its recently established third fund.

With Vimano's membranes acting as essential backbones for redox flow batteries, electrolyzers for the creation of green hydrogen, and PEM fuel cells, the money will help the company fulfill its aim to power the energy transformation.The high cost of creating green hydrogen and the dearth of affordable long-duration energy storage (LDES) options are two of the major technological challenges that still exist even though the global energy transition is well underway and driven by the steadily declining cost of solar energy. These disparities are significant barriers to the transition to a grid powered entirely by renewable energy sources and the decarbonization of heavy manufacturing sectors.Vimano was established in 2019 by materials scientists Dr. Nagesh Kini (CTO) and Murari Ramkumar (CEO), who believed that innovative materials may usher in a new era of energy storage. The development of membranes that drastically reduce the cost of electrolyzers—which are utilized in the production of green hydrogen and other LDES systems—has been made possible by its tunable ion-conductive membrane platform. The major challenge of improving membrane performance and conductivity while preserving high efficiency, minimal crossover, and extended life has been resolved by Vimano during the course of the last five years of study.