November 19, 2021

  • Daily Motion

Log 9 Materials partners Fortum India to develop EV charging infrastructure 

Log 9 Materials

Log 9 Materials partners Fortum India to develop EV charging infrastructure 

A Bengaluru based Log 9 Materials an advanced battery technology startup has partnered with the Indian subsidiary of Finnish clean energy company Fortum to deploy and provide access to public fast chargers for two-wheeler and three-wheeler electric vehicles (EVs) in the country.

This partnership will long for at least 24 months and these chargers charge the vehicles within 15-30 minutes. Log 9 Materials has built the InstaCharge capabilities in their proprietary “RapidX” battery packs for electric two-wheelers and three-wheelers. There will be more chance to charge a number of electric vehicles as Log 9’s InstaCharging charges the vehicles very fast. The partnership aims to provide charging stations solutions to its Indian customers.

Akshay Singhal, Founder & CEO, Log 9 Materials says, “Availability of widespread charging infrastructure is a key driver for EV adoption in India and forms a critical factor in terms of the customer experience too. On the other hand, to justify the charging infrastructure costs, a critical mass of EVs need to be functional on-road. Additionally, to minimize downtime and maintain operational efficiency of commercial vehicles, fast-charging is a must.”

As per the partnership, the consumers charging Log 9 powered vehicles at the Fortum EV charging station will be incentivised as a preferential tariff. The tariff scheme is only applied at the charging stations located in Hyderabad city and Vijaywada Highway at present.

In August Log 9 Materials has raised $8.5 million (Rs 63 crore) in its ongoing Series A+ funding round led by Amara Raja Batteries India’s leading battery manufacturer. Amara Raja has invested $5 million and others $3.5 million.

Amara Raja, Log 9 has also got funding from existing investors including Exfinity Ventures and Sequoia Capital India’s Surge Programme. Altogether, the existing and the new investors have invested around $8.5 million in the ongoing $10-12 million Series A+ round.

Log 9 Materials

Log 9 Materials is an IIT Roorkee incubated startup that works on nanotechnology and specializing in Graphene. They are a 60 member team of scientists and engineers working on commercializing Graphene. They constantly work in the synthesis of various forms, functions, and applications of graphene. Previously, Log9 materials developed an Aluminium-air fuel cell that is capable of achieving a 1000 km range. Now they have another product for EV which is a battery pack that can rapidly charge for 15 minutes.

If you are an EV manufacturer or EV Dealer or EV Supporter who want to share news related to electric vehicles on our website, please send an email to [email protected]

For the latest electric vehicles news, follow electricvehicles.in on TwitterInstagram,
Facebook and our YouTube Channels EnglishHindi, Telugu and Tamil

About The Author

Mastered in Journalism and I am a dedicated writer for Electricvehicles.in since 2 years. I am an EV enthusiast. I love to write about electric vehicles, technology, startups, people, fashion and trends. Through my writings and shared knowledge, I aim to reduce the pollution levels from the world, especially from India.

Related posts