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Manufacturer of industrial and automotive batteries Amara Raja Batteries and a clutch of other investors have invested a total of $8.5 million in Bengaluru-headquartered advance battery-tech startup Log 9 Materials, as part of its series A+ funding round.
Amara Raja Batteries has invested $5 million in an equity partnership and collaboration with Log 9.
Along with Amara Raja, Log 9 has also secured funding from existing investors including Exfinity Ventures and Sequoia Capital India's Surge Programme, alongside a clutch of new investors. The new investors have, along with the existing investors, invested around $8.5 million in the ongoing $10-12 million Series A+
