Chara Technologies Raises INR 52 Cr To Scale Manufacturing

The funding round led by Arkam Ventures, with participation from IIMA Ventures, Exfinity Venture Partners and Kalaari Capital

The funds will be deployed to set up a new factory in Bengaluru to develop rare-earth-free motors and controllers, along with a dedicated testing and validation facility

Chara has presence in Belgium and Italy in Europe, and now plans to target North America and deepen its presence in Europe

Deeptech startup Chara Technologies has secured INR 52 Cr (about $5.8 Mn) in its Series A funding round…