Nanotech Startup Vimano Raises Rs 25 Cr Led by Ankur Capital

Vimano, a Nanotechnology and advanced materials startup has raised Rs 25 crore (around $3 million) in its seed funding round led by Ankur Capital. 

This is Ankur Capital’s first investment from its new third fund. 

The funds will be used to grow their team, launch pilot projects and set up manufacturing.

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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.”

“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," said Ritu Verma, Managing Partner at Ankur Capital.

About Vimano 

Founded in 2019 by Murari Ramkumar and Dr. Nagesh Kini, Vimano makes special membranes used in energy systems like redox flow batteries, fuel cells and green hydrogen production. These membranes help store and use energy more efficiently and aim to lower the cost of green hydrogen and long-term energy storage.

The company focuses on solving clean energy problems by creating materials that improve the flow of electricity. Their membrane technology is flexible, efficient and lasts longer than many existing options.

Vimano is currently working with energy partners to test its technology in real-world projects.The startup hopes to speed up the shift to clean energy and help industries find better ways to store and use green power.

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