Log9's Rapid Descent: Lessons in Battery Innovation

• Log9 Materials, once a leader in India's battery tech space, is facing severe challenges, including legal battles and mounting debt, after struggling to adapt to the evolving EV market.
• Founded in 2015 with a focus on groundbreaking aluminium-air fuel cells, Log9 shifted its focus to LTO batteries, which proved costly and less effective in India's climate.
• Despite raising significant funding and forming key partnerships, Log9's strategic missteps, particularly in tech adoption and scaling, have led to financial strain and workforce layoffs.
• The company's attempt to pivot to LFP batteries has been hampered by financial constraints, leading to asset sales and legal issues with partners like BluWheelz.
• Log9's future hinges on securing new funding or strategic partnerships, but with deep debts and a challenging market, its chances of revival remain uncertain.

Source: Inc42