Design platform for building electric motors Chara raises $4.75 M led by Exfinity Ventures

Chara, a Bengaluru-based deep-tech startup, has raised USD 4.75 million in a pre-Series A round led by Exfinity Venture Partners. This round also had participation from Vietnam-based Big Capital, venture arm of Bitexco and Log 9 Materials. Existing investors Kalaari Capital and CIIE also participated in the round. Founded in November 2019 by Keshavachar, Ravi Prasad Sharma, and Mahalingam Koushik, Chara is building a cloud-controlled, and rare-earth free platform for designing, building, and deploying electric motors for electric vehicles, and applications such as HVAC (heating, ventilation, and air conditioning).