Chara Technologies Bags $6 Million in Series A to Power Rare-Earth-Free EV Revolution
In a major boost to India’s deep-tech and electric vehicle (EV) ecosystem, Bengaluru-based Chara Technologies has raised Rs 52 crore (approximately $6 million) in a Series A funding round led by Arkam Ventures. Other big-name investors like Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures also…
Chara Technologies, co-founded by Bhaktha Keshavachar, Ravi Prasad, and Mahalingam Kaushik, is innovating in the electric motor industry with a new class of synchronous reluctance motors (SynRMs) that eliminate the need for rare earth metals. This Bengaluru-based startup aims to power electric vehicles (EVs), agricultural equipment, and household appliances while reducing dependency on scarce…
