Clean Electric, an energy storage solutions startup, has secured Rs 48.5 crore (approximately $6 million) in funding from both new and existing investors. This is the organization’s second investment round in the last two decades.
Clean Electric will allocate the proceeds to its general corporate purposes, expansion, capital expenditures, and working capital requirements.
Info Edge and Pi Ventures jointly led Series A with Rs 14.16 crore each, while Kalaari Capital, an existing investor, contributed Rs 14 crore. In total, Rs 6.18 crore has been invested by angel investors Panjak Chaddah, Amit Kumar, Rama Advisors, and Lok Capital.
Clean Electric has received approximately $9 million in funding to date, which includes $2.2 million in initial funding from Climate Angles and Kalaari Capital in 2022.
Read also – Blue Tokai Secures $35 Mn Series C Funding Round from Verlinvest
Clean Electric provides energy storage and infrastructure services, as well as developed and manufactured sophisticated liquid-cooled battery solutions for two-wheelers, three-wheelers, and battery swapping.
About Clean Electric
Founded in 2016 by Akash Gupta and Abhinav Roy, Clean Electric has built a battery technology that enables Faster, Safer, and Longer Lasting Li-Ion batteries.
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