COMPANY INTELLIGENCE PROFILE
LOG 9 MOBILITY PRIVATE LIMITED
Log 9 Mobility Pvt Ltd is the EV/battery-leasing and fleet-asset arm of Bengaluru battery-tech startup Log9 (parent: Log9 Materials Scientific Private Limited, founded 2015 by Dr.
Log 9 Mobility Private Limited, active but financially distressed, operates in the electric vehicle and fleet asset leasing sector, branded as Amphion. Established in December 2021 in Bengaluru, the company is part of Log9 Materials Scientific Pvt Ltd. In November 2025, it entered a Corporate Insolvency Resolution Process due to a default of over INR 3.39 Cr. In FY2024, it achieved INR 48.02 Cr revenue. No specific funding rounds for the company are noted.
AI-generated, may contain errors.
Business Overview
- Log 9 Mobility Pvt Ltd is the EV/battery-leasing and fleet-asset arm of Bengaluru battery-tech startup Log9 (parent: Log9 Materials Scientific Private Limited, founded 2015 by Dr.
- Akshay Singhal, Kartik Hajela and Pankaj Sharma).
- In April 2024, at Log9's "Day Zero" event, the mobility business was rebranded as "Amphion" — described as a "full-stack EV asset management company" offering financing, data analytics, charging-infrastructure access and energy-efficiency services to commercial EV fleet operators, aiming to network OEMs, charge-point operators, financiers, insurers and recyclers into one ecosystem.
- As of the April 2024 announcement, Amphion managed ~INR 100 Cr of EV assets across 150+ fleets, ~2,500 EV assets and 600 charging stations, with a claimed 2.7-day average service turnaround.
- Source: Inc42, battery startup Log9 unveils EV asset-management subsidiary Amphion.
- The entity has since suffered severe financial distress: NCLT-admitted insolvency in Nov 2025 alongside its parent, see Legal/Status.
Sector & Classification
Leasing of electric vehicles / rental and leasing of motor vehicles, machinery, equipment (Tofler NIC classification). TheCompanyCheck instead tags it "Transport and Logistics — support services to organizations." Both are broadly consistent with the company's actual business: EV/fleet asset leasing (rebranded as "Amphion"). Minor sector-label conflict between sources — noted.
Directors & Key Management
Directors — source notes
1) Akshay V Singhal — DIN 07124059 — Director since incorporation (08 Dec 2021), ~5 yrs tenure per TheCompanyCheck. Also a named respondent/appellant in the NCLAT resolution-proceedings case (as "Akshay Singhal"). 2) Pankaj Sharma — DIN 01367191 — Additional Director, appointed 01 Oct 2024. Both names+DINs corroborated by 2 sources (Tofler, TheCompanyCheck) = confirmed. NOTE — Resolution Professional discrepancy: Inc42 (Nov 2025) names the interim resolution professional as "Neeraja Kartik"; an IndianKanoon NCLAT record (6 Aug 2026) names the Resolution Professional as "Keshav Khaneja." These may reflect an IRP-to-RP replacement over the ~9-month gap between the two records, or two different case dockets — could not resolve with available sources; flagged as a conflict rather than invented.
GST Registrations
Primary/home-state GSTIN: 29AAECL8532B1ZK (Karnataka), status "Active," registered 08 Jan 2022 (source: knowyourgst.com individual GSTIN page). PAN: AAECL8532B. Additional state registrations found under the same PAN via knowyourgst.com: 07AAECL8532B1ZQ (Delhi, registered 13 Jan 2022), 36AAECL8532B1ZP (Telangana, registered 03 May 2023), 33AAECL8532B1ZV (Tamil Nadu), 24AAECL8532B1ZU (Gujarat), 27AAECL8532B1ZO (Maharashtra) — 6 state registrations identified in total, though one knowyourgst snippet text stated "registered with 5 GST numbers" (count conflicts with the 6 distinct GSTINs actually listed — flagged as a data gap/inconsistency in the source, not resolved). Status conflict: a third-party GSTIN mirror (fnshiftsolutions.com) tags the Delhi and Telangana GSTINs as "Suspended," while knowyourgst.com's own Karnataka GSTIN page shows "Active" — conflicting status across sources for different state registrations; treat non-Karnataka statuses as unconfirmed/partial.
Financials
LOG 9 MOBILITY PRIVATE LIMITED reported standalone revenue growth of approximately 198% year-on-year, reaching INR 48.02 crore in FY2024. The company has around 37 employees. Total assets increased by 124.69% while borrowings decreased by 7.22% year-on-year.
AI-generated, may contain errors.
| FY2024, year ended 31 Mar 2024, entity-level/standalone, Tofler's financial page explicitly shows separate "Standalone" vs "Consolidated" tabs, and figures cited here are the entity/standalone view: Revenue grew ~198% YoY, TheCompanyCheck states an absolute figure of INR 48.02 Cr; Tofler independently shows "+198.42%" YoY revenue growth — the two % figures agree closely, so the growth-rate is confirmed by 2 sources, though the absolute INR 48.02 Cr figure itself comes from only 1 source = partial. | |
| Employees | ~37, TheCompanyCheck, 1 source = partial. |
| EBITDA and PAT | not obtained — both are paywalled on Tofler ("GET PRO") and not disclosed by TheCompanyCheck's free view. |
| Total assets | +124.69% YoY, Tofler, direction/% only, absolute INR value paywalled. |
| Borrowings | −7.22% YoY, Tofler, direction/% only. |
| Net worth | not obtained. |
| IMPORTANT entity-confusion guard | group/parent-level figures reported by Inc42, Log9 overall FY24 revenue INR 110.3 Cr, FY24 loss INR 118.6 Cr, outstanding debt ~INR 200 Cr, FY22 revenue INR 25.5 Cr, belong to Log9 Materials Scientific Private Limited (the parent) and/or the consolidated Log9 group — they are NOT attributed to Log9 Mobility Pvt Ltd standalone here. |
Funding History
- No funding round specific to Log9 Mobility Private Limited itself was found in any searched source.
- The parent, Log9 Materials Scientific Private Limited, has raised approximately $60–65 million cumulatively, including a $40M Series B round in January 2023 led by Amara Raja Batteries and Petronas Ventures, with Sequoia Surge among earlier investors (source: Inc42).
- This is parent/group-level funding and is explicitly NOT claimed as funding raised by the Log9 Mobility entity itself — entity-specific funding is "not obtained."
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| Approximately | INR 45.7 | –45 |
| Catalyst Trusteeship Limited | INR 11 | |
| CKERS Finance Private Limited | INR 10.5 Cr | Total |
| Eduvanz Financing Private Limited | INR 7.0 Cr | Total |
| Capup Financial Services | INR 6 | |
| UC Inclusive Credit Private Limited | INR 5 | |
| smaller lenders | ~INR 6.0 Cr | across various dates |
- 77 Cr in open charges across ~9 charge records, source: TheCompanyCheck, cross-referenced with Tofler's charges listing which shows the same lender set. Lenders and amounts: 0 Cr (12 Jan 2022)
- These registered charges are separate from (and predate) the Nov 2025 NCLT insolvency default trigger, which involved a different creditor, Ghalla & Bhansali Securities, per Inc42 — not all charge-holders above are necessarily the insolvency petitioner.
Credit Ratings
- Not obtained. No CRISIL, ICRA, or CARE rating specific to Log 9 Mobility Private Limited was found in any searched source, multiple targeted searches returned only insolvency-related news, no rating agency records.
Legal & Compliance
- (1) NCLT, Bengaluru bench, admitted Log9 Materials Scientific Pvt Ltd and subsidiary Log 9 Mobility Pvt Ltd into Corporate Insolvency Resolution Process (CIRP) on 14 Nov 2025, over a combined default of ~INR 6.7 Cr owed to creditor Ghalla & Bhansali Securities, Mumbai-based lender
- Log9 Mobility's share of the default was >INR 3.39 Cr.
- Two settlement offers, INR 1 Cr in Mar 2025, then INR 1.25 Cr in Apr 2025, were rejected by the creditor before the NCLT filing.
- Interim Resolution Professional named as Neeraja Kartik.
- Source: Inc42 (primary), corroborated by WhalesBook and IMP News summaries. (2) Madras High Court: "M/S.
- Log 9 Mobility Private Limited vs M/S.
- Helping E-Services Private Limited" (7 Feb 2024, Judge C.
- Saravanan) — Log 9 Mobility as petitioner.
- Source: IndianKanoon. (3) Calcutta High Court: "Ugro Capital Limited vs Eqaro Surety Private Limited" (29 Jul 2026) references Log 9 Mobility as lessee under a Master Operating Lease Agreement dated 6 Mar 2024.
- Source: IndianKanoon. (4) NCLAT: "Mr.
- Akshay Singhal & Ors vs Mr.
- Keshav Khaneja, Resolution Professional" (6 Aug 2026) — Log 9 Mobility as the subject company undergoing resolution, RP named as Keshav Khaneja, conflicts with Inc42's "Neeraja Kartik" — see Directors note.
- Source: IndianKanoon.
Competitive Landscape
- Best-effort qualitative peer set in the EV fleet-financing/asset-management and battery-leasing space, not independently source-verified per company for this report, so treat as directional: Battery Smart, battery-swapping network for EVs, growth-stage, well-funded ~$65M+
- Sun Mobility, battery-swapping and EV energy infra, larger scale, $100M+ raised
- Euler Motors, EV OEM + fleet financing/leasing, ~$50M+ raised
- Vidyut, EV fleet financing/asset-management platform, early/growth stage
- Turno, EV financing and residual-value/asset-management for fleets, early-growth stage
- Mahindra Last Mile Mobility / Altigreen, EV OEMs with adjacent fleet-financing tie-ups, larger corporate-backed scale.
- Log9 Mobility/Amphion is positioned as similar or smaller scale to most of these peers, and is currently in a materially weaker financial position, active insolvency, relative to the peer set.
Frequently Asked Questions
What does Log 9 Mobility Private Limited do?
Log 9 Mobility Private Limited is the EV and battery leasing and fleet asset arm of Bengaluru battery-tech startup Log9. Rebranded as "Amphion" in April 2024, the company offers financing, data analytics, charging infrastructure access, and energy-efficiency services to commercial EV fleet operators. It aims to network OEMs, charge-point operators, financiers, insurers, and recyclers into one ecosystem.
What is the CIN of Log 9 Mobility Private Limited?
The CIN of Log 9 Mobility Private Limited is U50400KA2021PTC155394.
What is the GSTIN of Log 9 Mobility Private Limited?
Log 9 Mobility Private Limited's primary GSTIN is 29AAECL8532B1ZK, registered in Karnataka on 08 January 2022. The company has additional state registrations in Delhi, Telangana, Tamil Nadu, Gujarat, and Maharashtra, though the statuses of these additional registrations vary across sources.
When was Log 9 Mobility Private Limited incorporated?
Log 9 Mobility Private Limited was incorporated on 08 December 2021.
What is the registered office address of Log 9 Mobility Private Limited?
The registered office address of Log 9 Mobility Private Limited is #9, Bellary Road, Off Jakkur Main Road, Next to ABNuvo Ltd, Jakkur Layout, Bangalore, Karnataka, India to 560092.
Sources
Tofler (tofler.in/log-9-mobility-private-limited/company/U50400KA2021PTC155394) — identity, capital, directors+DINs, charges, financial % changes; TheCompanyCheck (thecompanycheck.com/company/log-9-mobility-private-limited/U50400KA2021PTC155394) — identity, capital, directors, FY24 revenue figure, employee count, charges, parent company; knowyourgst.com — GSTIN list and Karnataka GSTIN status/date; fnshiftsolutions.com — GSTIN mirror showing conflicting Suspended status for 2 GSTINs; Inc42 (inc42.com/buzz/exclusive-nclt-sends-log9-into-insolvency-after-inr-6-7-cr-default and inc42.com/buzz/battery-startup-log9-unveils-ev-asset-management-subsidiary-amphion) — insolvency/CIRP details, business overview/Amphion rebrand, parent funding history; IndianKanoon (indiankanoon.org) — Madras HC, Calcutta HC, and NCLAT case records; log9materials.com — parent website (currently "Launching Soon" placeholder, no logo/domain confirmable for this entity). Falconebiz.com was attempted but returned only its generic homepage (no entity-specific data retrievable without login).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.