Cancrie
Techstars '21Jaipur, IN · Founded 2019 · 8 employees on LinkedIn · 6 known investors
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Cancrie develops advanced nanocarbon materials for battery applications, enhancing energy storage performance and longevity. The company combines laboratory research with sustainable manufacturing to produce materials for next-generation battery technologies and clean energy solutions.
Also known as Cancrie
Founders & leadership
Cancrie was founded in 2019 by Akshay Jain and Mahi Singh.


Investors · 6
How we know: Roots Ventures's portfolio page · funding news · india.entrepreneur.com · Not right? Tell us
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: indianstartuptimes.com · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$1.2M disclosed across 1 round · 2025
- $1.2Mseed funding roundJan 2025 · 4 sources
Roots Ventures (lead), Fondation Botnar, Foundation Botnar, IIMA Ventures, Sagana
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Sep 2026Cancrie is a Jaipur, India-based advanced materials company that converts lignocellulosic agricultural and industrial residues, including coconut shells, into engineered nanocarbon powders used as additives in batteries and capacitors. The materials are positioned as a drop-in alternative to petroleum-based carbons, intended to integrate into existing battery manufacturing lines without process changes or added cost per cell. The company states its technology is patent-granted and built on more than 13 years of research, with a library of over 250 nanocarbon formulations and validation across more than 20 biomass feedstocks.
The company describes its materials as chemistry-agnostic, supporting lead-acid, lithium-ion, sodium-ion, redox flow batteries and supercapacitors. Claimed performance effects include up to 60% higher charge acceptance, roughly 20-25% higher energy density, around 25-30% longer cycle life for lead-acid batteries, four times stronger electrodes, lower internal resistance and up to 14% higher active material utilisation. Target applications span automotive batteries, solar storage, drones, e-rickshaws and UPS systems. Cancrie also frames its process as environmentally advantaged, citing 89% lower energy consumption, 20x lower greenhouse gas emissions and circular manufacturing with chemical and heat recovery and zero discharge, and estimates a reduction of 0.25 kg of CO2 per battery using its material.
Cancrie reports that its material has been tested at ARAI, NABL and other third-party accredited laboratories and proven at industrial scale with more than 20 battery manufacturers.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 5
launches, deals, and filingsCancrie raised $1.2 million (reported as ₹103.62 million) in its first institutional seed round, led/co-led by Roots Ventures with participation from IIMA Ventures, Fondation Botnar and Sagana. Proceeds were earmarked for scaling production, R&D and partnerships to integrate its nanocarbon materials into energy storage devices.
$1.2M source ↗
Company timeline records expansion into international markets and development of new product variants for lithium-ion and lead-acid battery applications.
Cancrie was named among the winners of the Energy Transitions Innovation Challenge, announced at the Energy Transition Dialogues 2023 in New Delhi, in the clean tech for energy transition category.
Company timeline records scaling of manufacturing operations in Jaipur and the start of sample supply to battery manufacturers for field testing.
Company timeline records the filing of multiple patent applications covering its carbon synthesis process and material specifications.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Cancriecancrie.co · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Cancrie do?
- Cancrie makes patented biomass-derived nanocarbon additives that improve the performance and life of batteries and capacitors.
- Who founded Cancrie?
- Cancrie was founded by Akshay Jain, Mahi Singh in 2019.
- Who are Cancrie's investors?
- Cancrie's investors include Roots Ventures, Techstars, Foundation Botnar, IIMA Ventures, SAGANA.
- How much funding has Cancrie raised?
- Cancrie has disclosed $1.2M raised across 1 round.
- Where is Cancrie headquartered?
- Cancrie is headquartered in Jaipur, IN.




