On January 23, 2023, Log 9 Materials Scientific Private Limited closed the transaction. The company has amended the terms of the transaction. The company has received INR 1,484.07267 million in its final tranche led by Amara Raja Batteries Limited and PTV International Ventures Ltd. The tranche included participation from InCred Prime Finance Limited, Unity Small Finance Bank Limited, Oxyzo Financial Services Private Limited and Western Capital Advisors Private Limited.

The company has raised INR 3,257.448 million in the transaction. The transaction included mix of equity and debt. The company has raised INR 4071.81 million in funding till date.

The round has been raised at post-money valuation of INR 20,359.05 million.