Vimano, a nanotechnology and advanced materials startup has raised ₹25 crore in its seed funding round led by Ankur Capital. This is the first investment from Ankur Capital’s new third fund.
The funds raised will be used to initiate pilot projects with strategic partners in the energy ecosystem, expand its team and establish a scalable manufacturing process for its membranes.
Murari Ramkumar, CEO of Vimano, said, “At Vimano, we believe that membrane electrolytes are the unsung heroes of the energy transition. Over the past five years, we have worked relentlessly to develop a platform that can significantly improve efficiency and reduce costs for long-duration energy storage and green hydrogen production. This investment will enable us to accelerate our commercialization efforts and bring our high-performance membranes to market at scale. We’re thrilled to have Ankur Capital backing us as we take the next big leap.”
Ritu Verma, Managing Partner at Ankur Capital, said, “We are excited to partner with Vimano as they hit a crucial inflection point. Their groundbreaking work in nanotechnology aligns perfectly with our commitment to backing deep science innovations that tackle pressing global issues like the energy transition. We believe Vimano’s membranes can reshape how energy is stored across multiple formats — with green hydrogen alone projected to grow nearly 10X to over $60B by 2030.”
Founded in 2019 by materials scientists Murari Ramkumar (CEO) and Dr. Nagesh Kini (CTO), Vimano is a nanotechnology startup focused on transforming energy systems through advanced membrane technology.
Its tunable ion-conductive membrane platform has led to the development of membranes that significantly lower the cost of electrolyzers, which are used in green hydrogen production and other LDES systems.
