Chakr Innovation Secures $2.3 Million Funding to Propel Clean Air Solutions

New Delhi – Chakr Innovation, a trailblazing Indian cleantech company, has announced a significant milestone in its journey towards a greener planet, successfully raising USD 2.3 million in a pre-Series B funding round. This pivotal investment, spearheaded by the renowned venture capital firm Iron Pillar, signals a strong vote of confidence in Chakr's groundbreaking solutions for environmental sustainability.

The fresh injection of capital is earmarked for ambitious plans: accelerating product development, aggressively expanding into new markets, and strategically recruiting top-tier talent.

These initiatives are crucial as Chakr Innovation continues to refine and scale its proprietary technology, which holds immense potential in the global fight against air pollution.

Chakr Innovation stands out with its ingenious approach to emission control. The company has pioneered a revolutionary technology that captures particulate matter directly from the exhaust fumes of diesel generators.

But their innovation doesn't stop there – this harmful soot is then transformed into a valuable, usable resource: high-quality ink. This remarkable "waste-to-wealth" model not only mitigates air pollution but also creates a sustainable product, showcasing a truly circular economy in action.

Mr.

Arpit Dhupar, Co-founder and CEO of Chakr Innovation, expressed his enthusiasm about the funding. "This investment from Iron Pillar and our existing investors is a testament to our team's hard work and the impactful solutions we bring to the table. The funds will significantly bolster our efforts to enhance our technology, broaden our market reach, and ultimately, contribute more effectively to cleaner air for everyone," he stated.

The company has already established a formidable presence, boasting an impressive client portfolio that includes industry giants such as Indian Oil, JK Tyres, and even the Indian Army.

Their solutions are deployed across various sectors, proving the versatility and efficacy of their technology in diverse operational environments.

Iron Pillar, known for backing disruptive technology companies, sees immense promise in Chakr Innovation. Mr. Sameer Nath, Managing Partner at Iron Pillar, commented, "Chakr Innovation is at the forefront of India's cleantech revolution.

Their unique technology not only addresses a critical environmental challenge but also demonstrates strong commercial viability. We are thrilled to partner with them as they scale their impact and drive sustainable change."

This funding round also saw continued participation from existing investors, including SIDBI Ventures, IAN Fund, and Neev Fund, underscoring their unwavering belief in Chakr Innovation's vision and execution.

Since its inception, Chakr Innovation has been a beacon of innovation, previously securing a seed round led by Indian Angel Network in 2017, followed by a pre-Series A round from IAN Fund, SIDBI Ventures, and Neev Fund in 2019.

Founded by Arpit Dhupar, Kushagra Srivastava, and Prateek Sachan, Chakr Innovation’s journey exemplifies how innovative engineering coupled with a strong environmental conscience can lead to both business success and significant societal benefit.

As the company gears up for its next phase of growth, its commitment to transforming exhaust emissions into a resource, and thus combating air pollution, remains steadfast. This latest funding round is not just an investment in a company, but an investment in a cleaner, healthier future for all.