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Ankur Capital Backs Vimano’s Nanotech for Scalable Clean Energy Solutions

Nanotechnology

Business Honor
18 April, 2025

Vimano raises ₹25 crore to scale nanotech membranes for clean energy and hydrogen storage.

Ankur Capital led a seed funding round for nanotechnology startup Vimano, raising Rs 25 crore. This was the first investment from the early-stage venture firm's recently opened third fund. The money will support the Bengaluru-based company's development of membranes that can reduce the cost and enhance the functionality of clean energy systems, such as energy storage batteries and green hydrogen production devices.

Additionally, it intends to grow its workforce, establish scalable membrane production procedures and start pilot projects with strategic partners. Proton exchange membrane (PEM) fuel cells, redox flow batteries and green hydrogen electrolyzers are among the technologies utilized in portable devices, stationary power systems, and transportation.

Ramkumar, CEO of Vimano, told ET that the funding will be used to scale up membrane manufacturing, emphasizing that high production volumes are essential. He explained that a key reason for raising the capital was to build the infrastructure needed for large-scale manufacturing.

According to Vimano, its membrane technology solves important energy transition hurdles, including the high price of producing green hydrogen and the dearth of reasonably priced long-duration energy storage. It now employs eight full-time and six part-time staff members, the majority of who are material scientists, and operates out of a 4,000-square-foot building.

Ritu Verma, managing partner at Ankur Capital, stated his eagerness about partnering with Vimano as the company reaches a pivotal stage. She noted that Vimano’s membrane technology has the potential to change energy storage across various formats by highlighting that the green hydrogen market alone is expected to grow nearly tenfold to over $60 billion by 2030.