# Carrar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carrar

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Israel
- Website: www.carrar.net/
- Total disclosed funding: $5.3M
- Latest round: Series A (Apr 9, 2024)
- Investors on record: 6

## About

Founded in 2019 and based in Israel, Carrar, operates as a technology company that creates thermal management systems that keep batteries for electric vehicles at low temperatures. In February 2025, Carrar received USD 4.6 million of grant funding from new investor Israel Innovation Authority. As of 2024, the company is led by its CEO, Avinoam Rubinstain, and operates in locations like the USA, Sweden, Germany, Italy, and Japan, partnering with companies like Gentherm, Ansys, NextLeap Ventures, and many more. The company offers a two-phase immersion cooling system for EV batteries with integrated thermal management for various electric vehicles, like three-wheelers, cars, trucks, and buses. Carrar offers powertrain and in-vehicle computer cooling units for other heat-generating components like power electronics (converters, inverters, etc.), onboard chargers, and in-vehicle computers. The company will use the February 2025 funding to support the development of its battery system for EVs.

## Funding rounds

- Series A, Apr 9, 2024, $5.3M — Gentherm Incorporated, OurCrowd, Next Gear Ventures, German Dive Digital, NextLeap Ventures, Salida B.V.

## Investors

- Gentherm Incorporated — Series A
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series A
- Next Gear Ventures (https://capitalatlas.ai/funds/next-gear-ventures) — Series A
- German Dive Digital — Series A
- NextLeap Ventures (https://capitalatlas.ai/funds/nextleap-ventures) — Series A
- Salida B.V. — Series A