Vimano Secures ₹25 Crore Funding From Ankur Capital

Bengaluru-based nanotechnology startup Vimano has secured INR 25 crore (approximately $3 million) in a seed funding round led by Ankur Capital, marking the first investment from the firm's new third fund. The funding will accelerate the development of Vimano's advanced ion-conductive membranes, designed to enhance efficiency and reduce costs in energy systems such as redox flow batteries, electrolyzers for green hydrogen production, and PEM fuel cells. Co-founded in 2019 by Murari Ramkumar and Dr. Nagesh Kini, Vimano aims to address critical challenges in India's clean energy transition, particularly in long-duration energy storage and the production of green hydrogen. The fresh capital will also support pilot projects, hiring, and scalable manufacturing capabilities. Ankur Capital's Ritu Verma emphasized Vimano's potential to disrupt the energy storage market, which is expected to grow significantly in the coming years. This investment aligns with India's broader initiatives to enhance its cleantech ecosystem, particularly through the Bharat Cleantech Manufacturing Platform.