Log9 Materials
Log9 Materials is a Bengaluru-based deep-tech battery company, incubated at IIT Roorkee's TIDES centre, known for its RapidX fast-charging lithium-titanate battery packs for electric two/three-wheelers and commercial vehicles. In October 2024 it sold its railway and e-truck battery divisions to Jupiter Electric Mobility, and by November 2025 the company (with subsidiary Log9 Mobility) had been admitted into NCLT insolvency proceedings…
Log9 Materials: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 23 Jan 2023 | Series B | $40 Mn | Amara Raja Batteries Petronas Ventures InCred Oxyzo Financial Services Unity Small Finance Bank Western Capital Advisors | source |
| 9 Aug 2021 | Series A+ | $8.5 Mn | Amara Raja Batteries AC Ventures Exfinity Venture Partners Sequoia Capital India's Surge | source |
| 21 Oct 2019 | Series A | $3.5 Mn | Exfinity Venture Partners Sequoia Capital India's Surge | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 30 Oct 2024 | Jupiter Electric Mobility | Log9 Materials | Undisclosed | source |
Recent Signals
-
14 Nov 2025 · regulatory
NCLT admits Log9 Materials and subsidiary Log9 Mobility into insolvency after ₹6.7 Cr default source -
2 May 2025 · org-team
Co-founder & COO Kartik Hajela resigns, joins acquirer Jupiter Electric Mobility as director source -
2 May 2025 · org-team
Log9 lets go ~180 employees amid cash crunch, headcount falls to ~40 source -
17 Jan 2023 · funding
Log9 raises $11.4 Mn extended Series B tranche led by PTV International Ventures source -
24 Aug 2022 · funding
Amara Raja Batteries invests ₹77 Cr (~$9.4 Mn) in Log9 as first Series B tranche source
News on Log9 Materials
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Who founded Log9 Materials?
Log9 Materials was founded by Akshay Singhal, Kartik Hajela, Pankaj Sharma in 2015.
How much funding has Log9 Materials raised?
Log9 Materials has raised $52 Mn across 3 tracked funding round(s), most recently on 2023-01-23. Figures are compiled from cited public sources.
Who are the investors in Log9 Materials?
Investors in Log9 Materials include Amara Raja Batteries, Petronas Ventures, InCred, Oxyzo Financial Services, Unity Small Finance Bank, Western Capital Advisors, AC Ventures, Exfinity Venture Partners.
What does Log9 Materials do?
Log9 Materials is a Bengaluru-based deep-tech battery company, incubated at IIT Roorkee's TIDES centre, known for its RapidX fast-charging lithium-titanate battery packs for electric two/three-wheelers and commercial vehicles. In October 2024 it sold its railway and e-truck battery divisions to Jupiter Electric Mobility, and by…
Where is Log9 Materials headquartered?
Log9 Materials is headquartered in Bengaluru, Karnataka, India.
What is Log9 Materials's business model?
Log9 Materials's core value proposition centers on 15-minute fast charging, Tropical-climate safety and durability.
How does Log9 Materials make money?
Log9 Materials's cited revenue streams include Vehicle/battery leasing to fleet operators.