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Clean Electric, a battery technology for electric vehicles and long-life grid battery solutions provider, has raised USD 6 million in Series A funding. The funding round was co-led by Info Edge Ventures, Pi Ventures, and Kalaari Capital, with participation from Lok Capital and other strategic investors.
Founded in 2016 by IIT-BHU graduates Akash Gupta, Abhinav Roy, and Ankit Joshi, Clean Electric has swiftly positioned itself as a pioneer in the development of advanced battery technologies designed for electric vehicles (EVs) and grid applications. The company's innovative solutions include proprietary rapid charging technology capable of fully charging electric vehicles in under 12 minutes, significantly outpacing existing standards that range from 40 minutes to over an hour.
The company's proprietary charging algorithm has been honed over 0.5 Mn hours of battery testing over the last four years, enabling rapid charging times of just 10-12 minutes without compromising battery life. Their technology stack, which is both cell and chemistry agnostic, includes a patented Direct Contact Liquid Cooling (DCLC) system and an integrated cell-to-pack (CTP) architecture, ensuring enhanced safety by mitigating thermal runaway risks and boosting EV range.
The newly raised funds will be directed towards expanding Clean Electric's research and development, sales, and operations teams, as well as developing new products focused on faster charging and renewable energy storage. The company also plans to extend its technology to e-4W (electric four-wheelers) and commercial vehicles, further solidifying its position as a key player in the global transition to electric mobility.
Akash Gupta, Co-Founder and CEO of Clean Electric, commented on the funding: "We are incredibly proud to have the backing of such esteemed investors who share our vision of transforming the electric vehicle landscape. This investment is not just a financial boost; it is a validation of the groundbreaking work our team is doing to redefine what's possible in EV technology. We aim to make electric vehicles a practical, greener, and attractive option for millions of people in India and beyond, ultimately driving the global transition to cleaner, more sustainable transportation & non-fossil-based energy generation."
Pranav Koshal, part of the Kalaari Capital - “We are proud to have been the first backers of Akash, Abhinav and the clean electric team who have shown great passion and a commitment to innovate. Clean electric is emerging as a leader in efficient battery & energy storage systems which will be crucial to drive the growth of EVs and the transition to green energy.”
Shubham Sandeep, Managing Director at pi Ventures said, “ At pi, we are always on the lookout for world-leading technology startups and were impressed by the ultrafast EV charging demonstrated by the Clean Electric team on public charging infrastructure."
Chinmaya Sharma, Partner at Info Edge Ventures said, “Our thesis is that there still remain pivotal unsolved parts in the value chain of electric mobility, both passenger and commercial. Reliable batteries that can be charged quickly without decline in cycles and range is a key example. Clean Electric’s current suite of products and technical prowess make them a key contender to solve this at a national, possibly global scale. We are excited to support and serve them.”
Vikram Dileepan Director at LOK : “ Akash, Abhinav and Ankit along with the broader CE team have created industry leading tech at the bleeding edge of battery thermal management solutions. We are looking forward to partner and help them continue their journey towards scale , while they create positive climate impact via electrification of Inda
