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HomeInsightFunding Alert Clean Electric Raises $2.2 Mn in Seed Funding

[Funding alert] Clean Electric Raises $2.2 Mn in Seed Funding

Kalaari Capital and Climate Angels led a $2.2 million seed fundraising round for Clean Electric, an innovative energy storage solutions firm. LV Fund, 7Square Ventures, and CIIE Regional Innovation Foundation also participated in the round.

Kalaari Capital and Climate Angels led a $2.2 million seed fundraising round for Clean Electric, an innovative energy storage solutions firm. LV Fund, 7Square Ventures, and CIIE Regional Innovation Foundation also participated in the round.

The startup intends to use the money to build a manufacturing in Pune that will be able to produce 5,000 battery packs per month, as per reported by Entrepreneur.com.

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“Our aim is to enable mankind’s shift from fossil fuels, and batteries have been the hardest part of this transformation. By providing dependable, safe, and performant energy storage solutions, we believe we can add immense value to the EV and RE ecosystems” said Abhinav Roy, co-founder, and CTO at Clean Electric.

Abhinav Roy, Akash Gupta, and Ankit Joshi founded Clean Electric in 2020. The company produces advanced energy storage systems for mobile and stationary storage applications.

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“Clean Electric is delivering on the much-needed innovation in battery technology suitable for India. The patents the team has filed introduce direct liquid cooling technology wherein the cells of the battery are 100 per cent in contact with a coolant which ensures maximum safety (fireproof), 25-minute charging and a 1.5 times longer life span,” said Sumeet Singh, partner at Climate Angels.

“Clean Electric’s direct liquid cooled battery packs will become the benchmark, offering the highest safety while maximizing its life and efficiency. IITians Akash and Abhinav have invented zero kelvin packs which have the potential to meet growing needs of today and future,” said Ravinder Singh, partner at Kalaari Capital.

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About Clean Electric

Faster, safer, and longer lasting Li-Ion batteries are now mainly owing to a battery technology developed by Clean Electric. Their 0Kelvin Battery Architecture is powered by a stack of patented hardware and software technologies.

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