In this episode, Bhaktha Ram Keshavachar, founder and CEO of Chara Technologies, talks about a new funding round at his startup.
Chara, based in Bengaluru, specializes in building rare earth-free motors and matching controllers. That China, which has a near monopoly on the supply chain of rare earth minerals, has intensified its restrictions on their exports, is something of a tailwind for ventures like Chara.
In this briefing, Bhaktha covers the company’s Series A funding of Rs. 52 crore, or about $6 million, led by Arkam Ventures, with participation from Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures, and how the money will help.
Plans include, ramping up sales, further investment in new technology and products, and a significant increase in motor production capacity.
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