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Chakr Innovation Raises $23 Million Series C Led by Iron Pillar

The company says the capital will fund a manufacturing scale-up for global expansion.

Overview

  • SBI Cap Ventures, ONGC, Indian Angel Network and Inflexor joined the round, according to the company.
  • Chakr Innovation plans to pursue backward integration and step up research and development.
  • The firm intends to establish a dedicated materials science centre focused on critical materials.
  • Headquartered in New Delhi, the company operates manufacturing facilities in Gurugram and Pune.
  • Its portfolio includes the Chakr Shield retrofit emission control device, an IoT diesel generator monitoring system and metal‑air battery solutions, and total funding now stands at $30 million.