India, April 7 -- Bengaluru-based nanotechnology startup Vimano has bagged INR 25 Cr (around $2.9 Mn) in a seed funding round led by Ankur Capital.

A company spokesperson also told Inc42 that the round also saw participation from eight undisclosed investors.

Vimano plans to use the fresh capital to fuel its energy transition, initiate pilot projects with strategic partners in the energy ecosystem, expand the team and build a manufacturing process for its membranes.

Founded in 2019 by Murari Ramkumar and Nagesh Kini, Vimano makes customised low polyfluoroalkyl substances (PFAS) or PFAS free, green chemistry formulations for flow batteries, electrolysis and fuel cells based on operating conditions and end applications, as per its website...