Vimano Raises $3 Million for Membrane Innovation in Clean Energy Systems
Key Ideas
- Vimano, a Bengaluru-based startup, raised Rs 25 crore in a seed funding round led by Ankur Capital to enhance efficiency in clean energy systems.
- Co-founded by Murari Ramkumar and Dr. Nagesh Kini, Vimano specializes in developing ion-conductive membranes for various energy technologies and green hydrogen production.
- The investment will support scaling manufacturing, pilot projects with energy sector partners, and team growth for commercializing the high-performance membrane platform.
- Ankur Capital sees Vimano's work as groundbreaking in nanotechnology, aligning with their focus on deep science innovations for addressing global energy transition challenges.
Vimano, a startup based in Bengaluru, India, has secured Rs 25 crore (approximately $3 million) in a seed funding round led by Ankur Capital. The funding will be utilized to scale manufacturing capabilities, support pilot projects in collaboration with energy sector players, and expand the team to drive the commercialization of its membrane platform. Founded in 2019 by materials scientists Murari Ramkumar and Dr. Nagesh Kini, Vimano focuses on developing ion-conductive membranes that aim to improve efficiency and reduce costs in various energy technologies and green hydrogen production. The co-founder and CEO, Murari Ramkumar, emphasized the importance of membrane electrolytes in the energy transition and highlighted the potential of their platform to enhance performance and reduce costs in long-duration energy storage and green hydrogen production. Vimano's membrane technology, developed over five years, aims to enhance conductivity, performance, efficiency, and durability. Ankur Capital's Managing Partner, Ritu Verma, expressed excitement about the partnership with Vimano, recognizing the startup's significant contributions to nanotechnology and their potential to revolutionize energy storage. Ankur Capital's investment in Vimano reflects their dedication to supporting science-led ventures addressing crucial global issues like the energy transition. Vimano's work in membrane innovation for clean energy systems is poised to make a substantial impact in reshaping energy storage formats, particularly in the growing green hydrogen market.