# Clean Electric Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clean-electric-pvt

- Industry: Energy Storage & Batteries
- Headquarters: Pune, India
- Website: www.cleanelectric.in
- Total disclosed funding: $7.9M
- Latest round: Series A (Aug 23, 2024)
- Investors on record: 8

## About

Founded in 2016 and based in India, Clean Electric Pvt. Ltd. operates as a manufacturer of li-ion batteries that provide electric vehicles with patented hardware and energy management technology. Abhinav Roy (CTO) and Akash Gupta (CEO) are the co-founders of the company. In November 2022, Clean Electric Pvt. Ltd. raised USD 2.2 million in seed funding from Kalaari Capital, including 7Square Ventures, the Centre for Innovation, Incubation, and Entrepreneurship, Climate Angels, and LV Fund. In September 2024, Clean Electric Pvt. Ltd. raised USD 6 million in series A funding co-led by Info Edge Ventures, Kalaari Capital, and Pi Ventures, with participation from Lok Capital.

The company provides battery products including Insta, Power, and Lego. The firm uses STM, a technology that reduces lithium plating during fast charging by modulating the battery pack's temperature and charging rate. The startup provides its Hive platform with features such as battery diagnostics, real-time tracking, asset monitoring, and theft protection.

The organization plans to use the September 2024 funding to expand research and development, grow the sales and operations teams, and develop new products.

## Funding rounds

- Series A, Aug 23, 2024, $5.8M — Lok Capital, Kalaari Capital, pi Ventures, InfoEdge Ventures
- Seed, Oct 28, 2022, $2.1M — Kalaari Capital, IIMA Ventures, Climate Angels, 7Square Ventures, LV Fund

## Investors

- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Seed, Series A
- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Seed
- Climate Angels — Seed
- 7Square Ventures (https://capitalatlas.ai/funds/7square-ventures) — Seed
- LV Fund — Seed
- Lok Capital (https://capitalatlas.ai/funds/lok-capital) — Series A
- pi Ventures (https://capitalatlas.ai/funds/pi-ventures) — Series A
- InfoEdge Ventures (https://capitalatlas.ai/funds/infoedge-ventures) — Series A