Chara Technologies Raises ₹52 Crore to Scale Rare-Earth-Free Motor Production.

Chara Technologies, a deep-tech powertrain solutions company specializing in rare-earth-free motors and controllers, has raised ₹52 crore (around $6 million) in a Series A funding round. The round was led by Arkam Ventures, with additional participation from Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures.

The fresh capital will support the company’s expansion plans, including the establishment of a new manufacturing facility and a dedicated testing and validation centre in Bengaluru. The expansion is expected to boost Chara’s annual production capacity five-fold, from 20,000 to 100,000 units.

In addition to scaling up manufacturing, Chara is set to launch new product lines, such as lighter and higher-speed motors, larger-capacity variants, and industrial-grade models. These developments will enhance the company’s end-to-end powertrain architecture and deepen its in-house capabilities in controls, algorithms, and overall system efficiency.