Vimano Secures Investment for Revolutionary Energy Storage Solutions

Deal News | Apr 09, 2025 | Ankur Fincon Management Pvt Lt

Ankur Fincon Management Pvt Ltd has announced its first investment from Fund 3 into Vimano, a Bangalore-based deep tech startup. Vimano, founded by material scientists Murari Ramkumar and Dr. Nagesh Kini, specializes in developing advanced membranes for redox flow batteries, AEM electrolyzers, and high-temperature PEM fuel cells — essential components in long-duration energy storage (LDES), and industrial decarbonization via green hydrogen. The investment aligns with Ankur Fincon's strategy to support solutions in the burgeoning $500 billion+ energy sector fueled by decarbonization goals. Vimano aims to integrate its membranes into 50% of large-scale storage devices globally, contributing to a sustainable future.

Sectors

Clean Energy Technology
Venture Capital

Geography

India – Vimano is a Bangalore-based startup, and Ankur Fincon Management Pvt Ltd is investing in the Indian clean energy technology sector.

Industry

Clean Energy Technology – Vimano is involved in developing technologies for sustainable and efficient energy storage solutions, essential for clean energy transitions.
Venture Capital – Ankur Fincon Management Pvt Ltd's investment in Vimano represents an activity in the venture capital space, focusing on emerging energy technology startups.

Financials

Participants

Name	Role	Type	Description
Vimano	Target Company	Company	A deep tech startup specializing in advanced membranes for energy storage and transition technologies.
Ankur Fincon Management Pvt Ltd	Investor	Company	A private equity firm investing in technologies shaping the future of energy transition.
Murari Ramkumar	Co-founder	Person	Material scientist and engineer with expertise in energy transition technologies.
Dr. Nagesh Kini	Co-founder	Person	Scientist with a PhD focusing on materials science, previously associated with Thermax's Centre of Excellence.