Amara Raja Batteries and Petronas Ventures led a $40m Series B round in Log9 Materials.

Amara Raja Batteries, an automotive batteries manufacturer, and Petronas Ventures, an investment company, led a $40m Series B round in Log9 Materials, an Indian nanotechnology company, with participation from Incred, Unity Small Finance Bank, Oxyzo Financial Services, and Western Capital Advisors. “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 a fully integrated Lithium Ion Cell production line,” Akshay Singhal, Log9 Materials Founder and CEO.