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Chara Technologies, a deep-tech powertrain solutions company developing rare-earth-free motors and controllers, has raised Rs 52 crore (about $6 million) in Series A funding round led by Arkam Ventures along with participation from Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures.
The Bengaluru-based company had previously raised $4.75 million in its pre Series A funding round led by Exfinity Venture Partners.
The funds will be used to set up a new Bengaluru factory, launch advanced motor variants, and enhance its powertrain and…
