Chakr Innovation

company

About

Chakr Innovation develops technologies that combat the grave threat posed by pollution.

  • 51 - 100

Details

Last Funding Type
Series A
Last Funding Money Raised
₹190M
Industries
Energy,Renewable Energy
Founded date
Jun 24, 2016
Number Of Employee
51 - 100
Operating Status
Active

Chakr Innovation is a company formed by graduates from IIT Delhi who have developed a solution to control the polluting emissions from diesel generators. The device can capture ~90% of particulate matter being emitted from diesel generators which have been verified by IIT Delhi and labs accredited by IS/ISO/IEC and NABL. The product is also GreenPro rated by CII-IGBC.

The company has been recognized and given grants by Department of Science and Technology (DST), Government of India and Federation of Indian Chambers of Commerce & Industry (FICCI) and were also awarded and recognized as the most innovative hardware company by American Society Of Mechanical Engineers (ASME) and are one of the winners chosen by University of Chicago for a grant by Delhi Government. The co-founders, Kushagra and Arpit, have also been chosen as Forbes Global30 under 30 as well as Echoing Green Fellows. We have been working with some of the leading companies in India like Hindustan Petroleum, Indian Oil, Tata Group, Titan, JSA Law, American Tower Corporation, MTNL, BSNL, IIT Delhi, and DS group who have adopted this technology. Chakr Innovation is funded by some of the VCs and corporations in India.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
₹190M
Chakr Innovation has raised a total of ₹190M in funding over 2 rounds. Their latest funding was raised on Jun 6, 2019 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 6, 2019 Series A ₹190M 1 IAN Fund Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Chakr Innovation is funded by 1 investors. IAN Fund are the most recent investors.
Investor Name Lead Investor Funding Round
IAN Fund Yes Series A