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.