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Energy Tech Series A Founded 2020

Clean Electric

Clean Electric is a manufacturer of advanced lithium-ion battery technology for electric vehicles and stationary energy storage. The company develops fire-safe, fast-charging battery solutions for two-wheelers, three-wheelers, four-wheelers, and stationary applications. Its product lines include the MACH Series with 0-100% charging in 12 minutes, the INSTA Series with swappable batteries for two-minute swaps, and…

📍 Pune, India · Electric Vehicles,

Funding snapshot

Last roundSeries A
Amount$6M
Date23 August 2024
Total raised$8M
Valuation21,058,294 (Aug 23, 2024)
Team size58

About

Clean Electric is a manufacturer of advanced lithium-ion battery technology for electric vehicles and stationary energy storage. The company develops fire-safe, fast-charging battery solutions for two-wheelers, three-wheelers, four-wheelers, and stationary applications. Its product lines include the MACH Series with 0-100% charging in 12 minutes, the INSTA Series with swappable batteries for two-minute swaps, and the FLO Series with cost-effective LFP chemistry for 3-wheelers and 4-wheelers. Clean Electric's technology stack includes patented immersion cooling that submerges every cell in circulating non-flammable dielectric coolant, a cloud-based Battery Intelligence Platform for real-time monitoring and predictive analytics, and Smart Temperature Modulation to minimize lithium plating during high-speed charging. Founded in 2020 and headquartered in Pune, India, Clean Electric has raised approximately $8.4 million at the Series A stage from investors including pi Ventures, Kalaari Capital, Info Edge Ventures, Lok Capital, iCreate, Sarcha Advisors, Ira Technoventures, Rama Advisors, Climate Angels, 7Square Ventures, LetsVenture, and IIMA Ventures.

Business model

Electric Vehicles > Components > Batteries > Multi Category Vehicles > Lithium Ion > Fast Charging,

Energy Storage Tech > Battery > Secondary Battery > Lithium Ion > Fire Safe,

Auto Components > Electrical and Electronic System > Battery > Electric Vehicles > Multi Category > Lithium Ion

Team background

College Wise > IIT BHU

Institutional investors

iCreate Sarcha Advisors pi Ventures Lok Capital Kalaari Capital Ira Technoventures Info Edge Ventures Rama Advisors Climate Angels 7Square Ventures LetsVenture LV Angel Fund IIMA Ventures ciie.com Upendra Deglurkar

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