Nanotechnology Startup Vimano Secures $25 Crore in Seed Funding Led by Ankur Capital
The nanotechnology startup Vimano acquired seed funding of ₹25 crore after Ankur Capital took the lead position in investing. Ankur Capital has started its third fund framework through this landmark deal. The seed funding enables Vimano to support its objective for energy transition because its membranes power critical components in all three energy applications - PEM fuel cells and redox flow batteries and electrolyzers for green hydrogen production.
Numerous technological barriers remain in the way of global energy transition since solar energy costs continue to fall. Green hydrogen production expenses remain high while effective LDES solutions remain unavailable to facilitate the transition of heavy manufacturing industries and create a fully renewable powered electricity system.
The company Vimano launched in 2019 through its co-founders Murari Ramkumar (CEO) and Dr. Nagesh Kini (CTO) because they believed advanced materials would introduce a disruptive era for energy storage. The development of their tunable ion conductive membrane platform resulted in membrane technology that reduces costs throughout the operation of both green hydrogen electrolyzers and other LDES systems. Five years of research culminated for Vimano in resolving the key need to boost membrane conductivity and performance alongside maximum efficiency and low crossover and extended lifespan.
With the investment money Vimano can initiate pilot projects with energy sector partners and increase staff numbers while creating a mass-scale production system for membrane development.
The Chief Executive Officer of Vimano Murari Ramkumar pointed out "Membrane electrolytes stand as the hidden heroes which speed up the energy transition." The team at Vimano dedicated five years to developing a platform that could optimize efficiency together with cost reduction throughout long-duration energy storage and green hydrogen production. The investment funds will push Vimano toward faster commercialization and provides the platform to manufacture high performance membranes efficiently at commercial scale. The advancement of our business into its next major stage receives great enthusiasm due to Ankur Capital's backing.
The Managing Partner of Ankur Capital Ritu Verma demonstrated his excitement to collaborate with Vimano at this critical period. The nanotechnology breakthroughs of this organization perfectly match our goal to finance disruptive deep science research which deals with critical world problems including the global energy transition.
Numerous technological barriers remain in the way of global energy transition since solar energy costs continue to fall. Green hydrogen production expenses remain high while effective LDES solutions remain unavailable to facilitate the transition of heavy manufacturing industries and create a fully renewable powered electricity system.
The company Vimano launched in 2019 through its co-founders Murari Ramkumar (CEO) and Dr. Nagesh Kini (CTO) because they believed advanced materials would introduce a disruptive era for energy storage. The development of their tunable ion conductive membrane platform resulted in membrane technology that reduces costs throughout the operation of both green hydrogen electrolyzers and other LDES systems. Five years of research culminated for Vimano in resolving the key need to boost membrane conductivity and performance alongside maximum efficiency and low crossover and extended lifespan.
With the investment money Vimano can initiate pilot projects with energy sector partners and increase staff numbers while creating a mass-scale production system for membrane development.
The Chief Executive Officer of Vimano Murari Ramkumar pointed out "Membrane electrolytes stand as the hidden heroes which speed up the energy transition." The team at Vimano dedicated five years to developing a platform that could optimize efficiency together with cost reduction throughout long-duration energy storage and green hydrogen production. The investment funds will push Vimano toward faster commercialization and provides the platform to manufacture high performance membranes efficiently at commercial scale. The advancement of our business into its next major stage receives great enthusiasm due to Ankur Capital's backing.
The Managing Partner of Ankur Capital Ritu Verma demonstrated his excitement to collaborate with Vimano at this critical period. The nanotechnology breakthroughs of this organization perfectly match our goal to finance disruptive deep science research which deals with critical world problems including the global energy transition.
