The race started with two favorites—Qure.ai, a healthcare startup that uses artificial intelligence to interpret radiology images, and log 9 content, a company developing battery and fuel cell technologies.
The jury deliberated on their respective techniques, potential for disruption and economic value addition.
In the end, it was the Log 9 material’s turn to shine, even as the jury pointed out that Qure.ai It had the edge in terms of commercialization and its global footprint.
“This is a very special moment for me as we have won the Innovation category and we really stand for it. The idea in Log 9 is that we are building technologies from the ground up for the need of the Indian population or market. Receiving this award in the Innovation category reinforces our confidence and thought process at Log9,” said Co-Founder and CEO. Akshay Singhal.
Log 9 Materials began as a physics company specializing in the manufacture of graphene and carbon nanomaterials, but went on to develop its own research and development of lithium-ion batteries and aluminum fuel-cell technologies. Zero on development.
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“What Log 9 material is doing, if it works on a large scale, has the potential to transform the energy and automobile sectors. This company is potentially disruptive,” said GV Ravi Shankar, Managing Director, Sequoia Capital India and one of the jury members. Technology is at the leading edge, and that is why they are the winners of the Top Innovator category.
Ravi Shankar recused himself from participating in the voting process as Sequoia’s Surge Accelerator program is an investor in Log9 Materials, while Sequoia Capital is also an investor in Qure.ai.
LOG9 has successfully demonstrated its technology for fast charging electric vehicles-
The time taken to charge electric vehicles has been reduced to just 15 minutesPilot with leading e-commerce and logistics companies like Amazon, Shadowfax, Porter and Flipkart.
It is now working with two-wheeler and three-wheeler manufacturers such as Omega Seki to commercialize its quick-charge lithium-ion battery technology in India.
in August,
Amara Raja Batteries buys 11.36 per cent stake in startup for Rs 37 crore, potentially securing a deal to become Log 9’s primary manufacturing partner.
Log 9 is also developing aluminum fuel cell technology to enable long-range electric mobility using hydrogen as a fuel, but says this will only become commercially viable in the next 2-3 years.
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