Bengaluru-based nanotechnology startup Vimano has raised Rs 25 crore in a seed funding round led by Ankur Capital, marking the first investment from the venture firm’s recently launched third fund. The fresh capital will accelerate the development of advanced membranes critical for clean energy technologies like green hydrogen production and long-duration energy storage.
What Does Vimano Do?
Founded in 2019 by Murari Ramkumar (CEO) and Dr. Nagesh Kini (CTO), Vimano designs ion-conductive membranes that enhance efficiency and reduce costs for energy systems. Their technology targets redox flow batteries, electrolyzers (for green hydrogen), and Proton Exchange Membrane (PEM) fuel cells used in transportation and industrial applications.
The startup claims its membranes address two major bottlenecks in India’s renewable energy push:
- High costs of green hydrogen production
- Lack of affordable storage solutions for solar/wind energy
Funding Utilization
The Rs 25 crore infusion will help Vimano:
- Launch pilot projects with energy sector partners
- Scale manufacturing capabilities
- Expand its technical team
Founders’ Vision
“Membrane electrolytes are the unsung heroes of the energy transition,” said Murari Ramkumar. “Our platform improves efficiency while slashing costs for green hydrogen and energy storage. This funding lets us bring solutions to market faster”.
Investor Confidence
Ankur Capital’s Ritu Verma highlighted Vimano’s potential to disrupt energy storage:
“Green hydrogen alone could become a $60 billion market by 2030. Vimano’s nanotechnology positions them as key players in this transition”.
Competitive Edge
Vimano’s PFAS-free membranes (environmentally safe) and Make-in-India focus set it apart. The startup has already achieved:
- 36x scaling in membrane production
- 15.7x better performance in flow batteries vs traditional options
India’s Clean Energy Push
The funding comes as India prioritizes cleantech under initiatives like the Bharat Cleantech Manufacturing Platform. Vimano’s work aligns with global decarbonization goals, particularly for industries like steel and chemicals.
Looking Ahead
With Ankur Capital’s backing, Vimano aims to integrate its membranes into 50% of global energy storage devices and electrolyzers long-term. The startup’s next milestones include commercial partnerships and setting up production facilities.