In a significant boost to India’s electric mobility and sustainable tech ecosystem, Bengaluru-based deep-tech startup Chara Technologies has raised INR 52 crore (approximately USD 6.2 million) in a fresh funding round. The round, led by Exfinity Venture Partners, saw participation from Big Capital, the investment arm of Bitex, Log9 Materials, and a few existing investors. The funding marks a pivotal step in Chara’s mission to scale up its rare-earth-free motor manufacturing — a crucial innovation that aims to make India less dependent on imported rare-earth magnets and strengthen domestic electric vehicle (EV) production capabilities.
Building The Future of Sustainable Motor Tech
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