Chara Technologies

Chara Technologies, part of the first cohort of the Sustainable Mobility Incubation Program in partnership with Alstom, has raised ₹52 crores (about $6 million) in a Series A funding round led by Arkam Ventures, with participation from Exfinity Venture Partners, Kalaari Capital and IIMA Ventures.

The start-up aims to use the funds to set up a dedicated testing/validation facility in Bengaluru city. Some of the funds will be utilized to introduce new product lines.