Art of the Unicorn | "Deep tech startups need

investment, government support for R&D"

ByShrija Agrawal

Akshay Singhal of a Bengaluru-based EV firm talks about India's unique

operating challenges, and creating the right conditions for the shift to
electric

Electric vehicles (EVs). (REPRESENTATIVE IMAGE)

In a free-wheeling interaction, Akshay Singhal, co-founder, Log9

Materials – an energy storage and solutions startup – talks about his
company's business model, the sharp focus on catering to the
commercial vehicle segment, revenue streams leveraging the battery
storage ecosystem, and expansion plans. He highlights how there
needs to be a conducive model led by the government for tech
startups relying on R&D. The advanced deep-tech battery startup
 recently raised $40 million as a part of its Series B funding and has an
illustrious set of investors ranging from Sequoia Capital India (now
Peak XV) to Amara Raja Energy and Petronas. Excerpts below:

From that perspective, some factors are unique to our geography,

leading to a different level of stress on the battery itself. That creates
its own challenges when it comes to designing battery packs for EVs.
The driving patterns or road conditions are also stressful and it
becomes very important to manage the lifecycle of the battery
accordingly. We have to collect data, analyse energy patterns, look at
efficiency, and driving behaviour and manage the life of these assets.
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