Clean Electric Private Limited raised Rs 48.5 crore in a Series A funding round led by Info Edge, Pi Ventures, and Kalaari Capital to scale its annual recurring revenue.
Clean Electric Private Limited has successfully secured Rs 48.5 crore in a Series A funding round, propelled by investments from Info Edge, Pi Ventures, and Kalaari Capital. The Pune-based energy storage company aims to use the funds to significantly increase its annual recurring revenue over the next year.
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Company Information
Company
Clean Electric
Location
Pune, Maharashtra, India
About
Clean Electric is a Pune-based startup founded in 2020 by former IITBHU students Akash Gupta, Abhinav Roy, and Ankit Joshi. The company aims to address the safety, cost, and convenience issues associated with EV batteries by developing 12-minute charging technology for two- and three-wheeler EVs. Clean Electric's proprietary technology provides high cycle life and performance for its batteries, with around 3,000 cycle life. The startup is closely rivalling Exponent Energy and is focused on making electric vehicles mainstream by addressing cost and convenience challenges.
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PuneEnergyRenewable EnergyAutomotiveElectric VehicleEnergy Storage