Energy storage enabler Cancrie raises $1.2 M co-led by Roots Ventures, IIMA Ventures

Jaipur-based Cancrie , a startup focused on nanocarbon materials for energy storage, has raised USD 1.2 million in a seed funding round co-led by Roots Ventures and IIMA Ventures. The fund will be used to scale production, accelerate research and development (R&D) and forge partnerships to integrate its advanced nanocarbon materials into next-generation energy storage devices.Co-founded in 2020 by Akshay Jain and Mahi Singh, Cancrie develops advanced carbon materials for energy storage devices, focusing on sustainability and performance. The company aims to create superior energy storage solutions using renewable resources while maintaining affordability and achieving net-zero emissions.