Deeptech startup Chakr Innovation raises $23 million from Iron Pillar, others

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Deep tech startup Chakr Innovation has raised $23 million (Rs 193.5 crore) in a funding round led by growth stage investor Iron Pillar.

Founded in 2016 at IIT-Delhi, the Gurugram-based company develops materials science-led solutions focussed on clean technology and sustainability. It has developed a proprietary catalyst technology that can be retrofitted into diesel generators to cut harmful emissions.

Chark Innovation plans to use the capital to expand manufacturing capacity, enter international markets, and step up R&D investments, including setting…



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Deeptech startup Chakr Innovation raises $23 million from Iron Pillar, others



Deep tech startup Chakr Innovation has raised $23 million (Rs 193.5 crore) in a funding round led by growth stage investor Iron Pillar.

Founded in 2016 at IIT-Delhi, the Gurugram-based company develops materials science-led solutions focussed on clean technology and sustainability. It has developed a proprietary catalyst technology that can be retrofitted into diesel generators to cut harmful emissions.

Chark Innovation plans to use the capital to expand manufacturing capacity, enter international markets, and step up R&D investments, including setting…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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