Vimano Raises $3M for Nanotechnology Membranes Revolutionizing Green Energy
Key Ideas
- Vimano, a nanotechnology startup, secures $3 million in seed funding led by Ankur Capital to advance its energy membrane technology.
- The funds will support team expansion, pilot projects initiation, and manufacturing establishment to enhance green hydrogen production and energy storage.
- Vimano's innovative membranes optimize energy usage in systems like redox flow batteries and fuel cells, contributing to cost reduction in green hydrogen production and efficient energy storage.
- The startup collaborates with energy industry partners to implement its technology, aiming to accelerate the adoption of green energy solutions and improve energy storage methods.
Nanotechnology startup Vimano has successfully raised Rs 25 crore (approximately $3 million) in its seed funding round, with Ankur Capital leading the investment. This round marks the initial investment from Ankur Capital's new third fund. The capital infusion will be utilized to expand their team, commence pilot projects, and establish manufacturing facilities.
Founded in 2019 by Murari Ramkumar and Dr. Nagesh Kini, Vimano specializes in developing special membranes essential for energy systems such as redox flow batteries, fuel cells, and green hydrogen production. These membranes play a crucial role in enhancing energy storage efficiency. By focusing on creating materials that optimize electricity flow, Vimano's technology aims to lower the costs associated with green hydrogen and make long-term energy storage more economical.
Vimano's customizable membrane technology is adaptable to various applications, offering increased versatility and effectiveness. In addition to reducing energy wastage, these membranes boast a longer lifespan compared to existing alternatives. The startup is actively engaged with energy industry partners to test and integrate its technology in practical projects, with the ultimate goal of expediting the transition to green energy and facilitating industries in adopting superior methods for storing and utilizing clean power.
Ankur Capital, a venture capital firm, has a history of supporting deep technology innovation companies like Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai. This investment in Vimano underscores Ankur Capital's commitment to backing cutting-edge technology ventures that have the potential to revolutionize the energy sector and drive sustainable practices forward.
Topics
Green Hydrogen
Clean Energy
Technology
Innovation
Investment
Energy Systems
Venture Capital
Startup
Membrane Technology
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