# Chara Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chara-technologies

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Bengaluru, India
- Website: www.chara.co.in
- Total disclosed funding: $6.7M
- Latest round: Series A (Oct 13, 2025)
- Investors on record: 4

## About

Based in Bengaluru, Karnataka, India, Chara Technologies is a company focused on developing and manufacturing innovative motor systems that are free from rare-earth materials, promoting sustainable energy solutions across various industries.Chara specializes in producing rare-earth-free motor systems, delivering efficient alternatives to traditional motors. Founded in 2019 in Bangalore, India, In October 2025, Chara Technologies raised INR 520 million in series A funding led by new investor Arkam Ventures, with participation from investors Exfinity Venture Partners, Kalaari Capital, and IIMA Ventures.. Bhaktha Keshavachar serves as the CEO and is among the founders, which also include Mahalingam B and Ravi Prasad. Chara specializes in the development and manufacturing of rare-earth-free motor systems that provide an efficient alternative to traditional permanent magnet motors. Designed for demanding applications, these advanced motors utilize sustainable materials to achieve performance levels comparable to conventional systems while eliminating the need for hard-to-source rare-earth minerals. The company's products enhance energy efficiency, reduce CO2 footprints, and improve thermal management, making them suitable for various sectors including automotive, industrial machinery, and renewable energy technologies. Additionally, Chara's innovative motor control systems, powered by proprietary Drive Control Firmware (DCF), ensure reliable operation and optimal torque delivery, targeting markets primarily in North America, Europe, and Asia.In 2023, Chara reported revenue of INR 107,466.50 and an EBITDA of -INR 691,518.70. The company's revenue model focuses on direct sales of its motor systems and associated control technologies, engaging in B2B transactions with manufacturers and industrial clients. Chara caters to the needs of automotive manufacturers and renewable energy firms, offering individual units and bulk orders tailored for large-scale applications, structured around outright purchases and long-term contracts for ongoing supply agreements.  The company will use the October 2025 funding to support its product development and expansion plans by opening a new factory in Bengaluru.

## Funding rounds

- Series A, Oct 13, 2025, $5.8M — Kalaari Capital, IIMA Ventures, Exfinity Venture Partners, Arkam Ventures
- Seed, Mar 30, 2021, $0.8M — Kalaari Capital, IIMA Ventures

## Investors

- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Seed, Series A
- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Seed, Series A
- Exfinity Venture Partners (https://capitalatlas.ai/funds/exfinity-venture-partners) — Series A
- Arkam Ventures (https://capitalatlas.ai/funds/arkam-ventures) — Series A