/Companies

Cancrie

Techstars '21

Jaipur, 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.

AJAkshay Jain
Akshay JainCo-Founder & CEOAkshay Jain holds a Ph.D. in Chemical and Biomolecular Engineering from the National University of Singapore and previously worked as a Principal Investigator and Technology Consultant for multinational and small-to-medium enterprises in Singapore, with over five years of experience in product development and patent commercialization; he is co-founder and CEO of Cancrie, which develops nanocarbon materials for battery and supercapacitor applications.
MSMahi Singh
Mahi SinghCo-founderWith over 9 years of experience in marketing and business development, Singh brings a data-driven approach to building cleantech solutions.

Investors · 6

Also in the syndicate · 1

Fondation Botnar

Funding

SEC filings, press & company announcements

$1.2M disclosed across 1 round · 2025

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Sep 2026

Cancrie 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 reported
Active material utilisation increaseJan 202514%
Battery manufacturers using material at industrial scaleJan 2025more than 20
Biomass feedstocks validatedJan 202520+
Charge acceptance improvementJan 2025up to 60%
CO2 reduction per batteryJan 20250.3 kg CO2
Cycle life improvementJan 202525% longer
Energy consumption reduction vs conventional processJan 202589%
Energy density improvement (lead-acid)Jan 2025up to 20%
HeadcountAug 20268
Lead-acid battery lifecycle extensionJan 2025more than 30%
Nanocarbon libraryJan 2025250+ formulations
Target production capacityJan 202550,000 batteries per month

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
Jan 2025
Cancrie raises $1.2 million seed round

Cancrie 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 ↗

Jan 2024
International market expansion and new product variants

Company timeline records expansion into international markets and development of new product variants for lithium-ion and lead-acid battery applications.

source ↗

Jan 2023
Winner, Energy Transitions Innovation Challenge (ENTICE) 2023

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.

source ↗

Jan 2022
Manufacturing scale-up in Jaipur

Company timeline records scaling of manufacturing operations in Jaipur and the start of sample supply to battery manufacturers for field testing.

source ↗

Jan 2021
First patent applications filed

Company timeline records the filing of multiple patent applications covering its carbon synthesis process and material specifications.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 8

primary sources listed

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.