Climate Angels have invested in Clean Electric, an innovative startup that offers energy storage solutions, and helped the company raise $2.2 million in Seed funding managed by Kalaari Capital, an early-stage venture capital company based in Bengaluru. The round also had the participation of LV Fund, 7Square Ventures, and CIIE Regional Innovation Foundation. The company plans to use the money to build a manufacturing facility in Pune to manufacture the 5,000 battery packs each month.
“Our aim is to enable mankind’s shift from fossil fuels, and batteries have been the hardest part of this transformation. By providing dependable, safe, and performant energy storage solutions, we believe we can add immense value to the EV and RE ecosystems,” said Abhinav Roy, co-founder and CTO of Clean Electric.
The company’s products are tested in pilot tests with various automobile OEMs nationwide and have completed more than 30,000 miles of road testing. In compliance with AIS-156 Stage 2 guidelines, which will begin in March 2023, the vehicles are scheduled to be in good shape for certification tests by the end of the year, as claimed by the company in the statement.
“Clean Electric is delivering on the much-needed innovation in battery technology suitable for India. The patents the team has filed introduce direct liquid cooling technology wherein the cells of the battery are 100 per cent in contact with a coolant which ensures maximum safety (fireproof), 25-minute charging and a 1.5 times longer life span,” said Sumeet Singh, partner at Climate Angels.
In 2020, the company was founded. Clean Electric manufactures, designs, and designs, markets, and after-sales services for the latest energy storage solutions for mobile and stationary storage along with associated energy infrastructure and solutions.
“Clean Electric’s direct liquid cooled battery packs will become the benchmark, offering the highest safety while maximizing its life and efficiency. IITians Akash and Abhinav have invented zero kelvin packs which have the potential to meet growing needs of today and future,” stated Ravinder Singh, partner at Kalaari Capital.