Browsing: EV battery market

Log9 Materials, a 2015-founded EV startup, has struggled to adapt to the shifting Indian EV battery market, leading to legal battles, mounting debt, and a significant decline in its fortunes despite raising over $60 million from VCs and industry majors.

Log9 Materials, once India’s deeptech darling, faces severe financial pressure after multiple technology failures and strategic missteps in the competitive EV battery market