This Clean-Energy Startup, Which Is Helping The Indian Army Battle Covid-19, Is Looking For Series B Funding

When the top leadership of the Indian Army was scouting for solutions to keep the equipment used by the forces safe from the highly contagious coronavirus that causes Covid-19, it was a Bengaluru-based startup that stepped up to meet its requirements. “UV rays can help clean air and kill virus and bacteria, thereby helping sanitise bundles of cash, grocery items, masks, gloves, paperwork and many other items,” said Akshay Singhal, cofounder of Log9 Materials. The company is looking for $10 million in equity funding and is already in talks with global funds. Singhal said he is looking for clean energy funds and social impact funds for a strategic round, which will help scale up production and find buyers for Log9’s products. Log9 Materials first shot to fame because of its initiatives in the green energy space. During a previous conversation with Moneycontrol, Saankhya Labs, a semiconductor startup in Bengaluru, had highlighted how it had stopped all conversations with Indian VCs since they hardly understood its business. Indian Oil Corporation has a minority stake in Phinergy as well and the duo is working together to develop clean-energy solutions for the country.