Tech
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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