Energy storage solutions startup Clean Electric has secured $2.2 million in a seed round led by Climate Angels and Bengaluru based venture capital firm Kalaari Capital. The round also witnessed participation of LV Fund, 7Square Ventures and CIIE Regional Innovation Foundation.
Clean Electric plans to deploy the funds to set up a manufacturing facility in Pune to produce 5,000 battery packs per month, expanding its R&D, sales, & operations teams. The firm will also develop new products around faster charging, renewable energy storage and battery swapping, it said in a press release.
Founded in 2016 by Akash Gupta and Abhinav Roy, Clean Electric manufactures, designs, develops, markets, supplies and provides after-sales of advanced energy storage solutions for mobility and stationary storage applications as well as related energy infrastructure & services. The company has built liquid-cooled battery solutions for 2 wheelers, 3 wheelers and battery swapping applications.
Clean Electric’s proprietary battery technology aims to address pressing safety and performance issues for EV’s like battery fires, long charging times and frequent battery replacement.
The Bhopal based firm claims to have introduced direct liquid cooling technology wherein the cells of the battery are 100% in contact with a coolant which ensures maximum safety, 25-minutes charging and a 1.5X longer life span.
Clean Electric competes with the likes of Exponent Energy, ION Energy, Indi Energy among others.