The Log9 Collapse, Swiggy Bottles Genie & More

How Log9 Ran Out Of Charge

Log9 Materials is in crisis. Backed by the likes of Peak XV and PETRONAS Ventures, and having raised over $60 Mn to date, the startup is now overshadowed by debts, legal disputes, and mass layoffs.

The Core Of The Crisis: Its bold bet on manufacturing fast-charging and long-lasting Lithium-titanate (LTO) batteries has proven to be a strategic failure. For starters, LTO is a niche tech with limited mainstream use cases globally and is more expensive than lithium iron…