Chara funding, investors and company details

Chara is an emerging Artificial Intelligence (AI) - Deeptech startup from Bengaluru, working in the space of Driven Electric Mobility Solutions (Rare-Earth-Free Motor Technology). Founded by Bhaktha Keshavachar, Mahalingam Koushik, Ravi Prasad.

Company: Chara Technologies Private Limited
Sector: Artificial Intelligence (AI) - Deeptech
Location: Bengaluru
Founders: Bhaktha Keshavachar, Mahalingam Koushik, Ravi Prasad

Company overview

The company focuses on rare‐earth‐free electric motors and controllers, targeting applications in electric vehicles (EVs), industrial machinery, agricultural equipment and off‐highway mobility. The technology core is based on a synchronous reluctance motor (SynRel) architecture that avoids the use of rare‐earth magnets, aiming to deliver comparable performance to permanent magnet motors while being more cost efficient and sustainable. Their mission is “Building technologies to drive the Zero Emission future” and “Motors more Efficient, Sustainable and Accessible to everyone."

Funding rounds

Latest round (Series A): $ 6.00 Mn (₹52.75 Cr.), 2025-10-13. Investors: Arkam Ventures
Past round (Pre Series A): $ 4.75 Mn (₹38.83 Cr.), 2023-01-18. Investors: BIG Capital, Kalaari Capital, ciie.co