Chara Technologies raises $6 Mn in Series A led by Arkam Ventures

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Chara Technologies, a deep-tech powertrain solutions company developing rare-earth-free motors and controllers, has raised Rs 52 crore (about $6 million) in Series A funding round led by Arkam Ventures along with participation from Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures.

The Bengaluru-based company had previously raised $4.75 million in its pre Series A funding round led by Exfinity Venture Partners.

 The funds will be used to set up a new Bengaluru factory, launch advanced motor variants, and enhance its powertrain and…



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Chara Technologies raises $6 Mn in Series A led by Arkam Ventures


Chara Technologies, a deep-tech powertrain solutions company developing rare-earth-free motors and controllers, has raised Rs 52 crore (about $6 million) in Series A funding round led by Arkam Ventures along with participation from Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures.

The Bengaluru-based company had previously raised $4.75 million in its pre Series A funding round led by Exfinity Venture Partners.

 The funds will be used to set up a new Bengaluru factory, launch advanced motor variants, and enhance its powertrain and…



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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