Vimano’s Seed Round Investment for Advancing Nanotechnology

Nanotechnology startup Vimano has successfully secured Rs 25 crore (approximately $3 million) in a seed round directed by Ankur Capital. This marks the inaugural investment from the new third fund established by Ankur Capital.

The funds generated will assist the startup in expanding its workforce, initiating pilot projects, and establishing manufacturing capabilities.

Founded in 2019 by Murari Ramkumar and Dr. Nagesh Kini, Vimano specializes in creating unique membranes that are utilised in energy systems such as redox flow batteries, fuel cells, and the production of green hydrogen. These membranes are designed to enhance energy storage and utilisation efficiency. The innovative technology aims to decrease the costs associated with green hydrogen and make long-term energy storage more affordable.

Vimano’s Focus on Clean Energy Solutions

Vimano addresses clean energy challenges by developing advanced materials that optimise electrical conductivity. The membrane technology is versatile and can be adapted for various applications, enhancing its effectiveness and efficiency. Furthermore, these membranes are designed to minimise energy loss and boast a longer lifespan compared to many current alternatives.

Collaboration and Real-World Applications

The startup is actively collaborating with partners in the energy sector to evaluate and implement its technology in practical projects. Vimano is dedicated to accelerating the transition to green energy and aiding industries in their pursuit of more efficient methods for storing and utilizing clean power.

In August of the previous year, Ankur Capital secured commitments from two of its existing Limited Partners for its third fund. Since its establishment, the venture capital firm has been supporting companies focused on deep technology innovations, including Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.