Clean Electric secures USD 6M Series A funding

Deeptech startup Clean Electric has raised USD 6 million in Series A funding, with participation from InfoEdge, pi Ventures, and Lok Capital, along with continued support from Kalaari Capital. The funding will support the next phase of the company’s growth, under the leadership of Akash and Abhinav.

Since Kalaari’s seed investment in 2022, Clean Electric has made progress in developing direct liquid-cooled battery packs for electric vehicle (EV) and energy storage applications. The company has moved from laboratory prototypes to commercializing its technology, establishing an assembly line and expanding operations beyond Bhopal. The patented architecture includes immersion cooling and a smart temperature modulation algorithm, aimed at improving charging efficiency without affecting battery performance. Clean Electric has commercialized its technology across multiple categories, including EV 2W, 3W, 4W, and stationary storage applications.

The funding will be used to scale deployments and collaborate with original equipment manufacturers (OEMs) to bring fast-charging solutions to market. Clean Electric is also working on next-generation products with 3C/4C charging rates and has started piloting its technology in the stationary storage sector. The company plans to expand further in this area, as India’s climate and operating conditions provide a testing ground for the company’s energy storage technology, with potential for international scaling.

Akash Gupta, Founder and CEO of Clean Electric, commented: “As a deep-tech company, we face numerous challenges, but we also achieve technological breakthroughs. Kalaari Capital has been an invaluable early-stage investor, supporting Clean Electric through both difficult and prosperous times. Their experience with pre-revenue deep-tech startups, coupled with the trust and autonomy they’ve given our executive team, has been crucial. We’re fortunate to have the continued support of Vani ma’am and Pranav.” 

Pranav Koshal, AVP at Kalaari Capital, stated: “We take pride in being the first backers of Akash, Abhinav, and the Clean Electric team, who have consistently demonstrated passion and commitment to innovation. Clean Electric is emerging as a leader in efficient battery and energy storage systems, which are critical for driving EV growth and facilitating the transition to green energy.”​​​​​​​​​​​​​​​​ 

Also read: Battery tech startup Clean Electric raises $2.2 million in seed round led by Kalaari Capital