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Chara Technologies
A scalable, cloud-controlled hardware and software platform for the switched reluctance motor and other magnet free motor technologies
About Chara Technologies
Chara is a forward-thinking startup operating in the sustainable energy sector, specifically focusing on the development and production of efficient and intelligent motors. These motors are designed to power a wide range of applications, from electric vehicles to industrial machinery and household appliances. The company's primary market is businesses and industries seeking to transition to more sustainable and energy-efficient operations.
Chara's business model revolves around the production of Permanent Magnet (PM) motors, which are known for their high efficiency. These motors help businesses save on energy costs and reduce their carbon footprint, aligning with global sustainability goals. Additionally, Chara's motors are made from sustainable raw materials, eliminating the need for hard-to-source or mine rare-earth minerals. This not only lowers production costs but also mitigates supply risks.
The company offers a variety of products, including motors for two-wheel, three-wheel, and four-wheel electric vehicles, as well as motors for industrial and HVAC applications. These motors come with features like high peak torque and power, integrated gearboxes and differentials, and drop-in replacement capability. Chara also develops intelligent controllers with MOSFET-based and IGBT architectures, designed to operate at a wide range of voltages and cooling options.
In terms of revenue, Chara makes money by selling these motors and controllers to businesses and industries. The cost-saving and sustainability benefits of their products make them an attractive choice for companies looking to transition to more energy-efficient operations.
Source: Dealroom company dataAt a glance
- Founded
- 2019
- Headquarters
- Bengaluru, India
- Sector
- Transportation
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Indian Institute of Science
Kalaari Capital
CIIE. CO
Exfinity Venture Partners
BIG Capital
Series A2 investors entered at this stage
- AVArkam Ventures
IIMA Ventures
Source: Dealroom Talent Intelligence.
Global footprint
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