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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…
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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…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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