Log 9 Materials has brought $2 million up in a new round

Log 9 Materials, a high level battery-tech startup, has brought $2 million up in a new round drove by Malaysia-based Petronas Ventures.

The new round comes soon after two months, when the Bengaluru-based startup brought $8.5 million up in its Series A+ round drove by Amara Raja Batteries. Log 9 said it has finished up its Series A+ round of $10 million, with the new capital raise.

The new capital alongside the recently raised assets will be utilized to dispatch and increase its insta charge organization of electric vehicles, said Log 9 Materials in an official statement.

Established in 2015, Log 9 spotlights on Graphene Nanotechnology for B2B and B2C customers. The organization, which is likewise a piece of the second bunch of Sequoia’s gas pedal program Surge, had recently brought Rs 3 crore up in 2018.

Log 9 has said it will dispatch its fast charging batteries economically this month, with an expect to send 5,000 vehicles using its innovation in the forthcoming a half year.