Chara Technologies Secures $6 Million in Series A Funding
Chara Technologies, a deep-tech powertrain solutions company, has raised $6 million in a Series A funding round led by Arkam Ventures.
The company, which has a presence in Belgium and Italy, plans to expand into North America and deepen its presence in Europe, targeting a 6x top-line growth.
- Investors include Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures.
- The funds will be used to set up a new factory in Bengaluru, launch advanced motor variants, and enhance powertrain and in-house tech capabilities.
Chara Technologies is developing rare-earth-free motors and controllers.
Author's summary: Chara Technologies raises $6 million in Series A funding.