Clean Electric Secures INR 48.5 Cr in Series A Funding to Propel Expansion and Innovation Clean Electric aims to use the proceeds for working capital requirements, expansion, capital expenditure, and general corporate purposes.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Clean Electric

Clean Electric, an energy storage solutions startup, has secured INR 48.5 crore (approximately USD 6 million) in its latest funding round, reflecting growing investor confidence in the firm's innovative technology.

This round marks the company's second significant capital infusion in the past 20 months, bringing its total funding to around USD 9 million. The startup had previously raised USD 2.2 million in seed funding in 2022, led by Climate Angels and Kalaari Capital.

The new investment round, as per internal documents filed with the Registrar of Companies (RoC), involved the issuance of 31 equity shares and 12,328 Series A preference shares at INR 39,243 per share.

The round was co-led by Info Edge and Pi Ventures, each contributing INR 14.16 crore, while existing investor Kalaari Capital reinforced its commitment with an additional INR 14 crore. Angel investors, including Pankaj Chaddah, Amit Kumar, Rama Advisors, and Lok Capital, collectively added INR 6.18 crore to the funding pool.

Clean Electric plans to utilise the fresh capital to meet its working capital requirements, support expansion initiatives, and cover capital expenditure and general corporate purposes.

Founded in 2016 by Akash Gupta and Abhinav Roy, Clean Electric develops and manufactures advanced liquid-cooled battery solutions for two-wheelers, three-wheelers, and battery swapping, along with energy storage and infrastructure services.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

'Boring' Businesses Are Making Millionaires — and You Can Borrow Their Strategies For Success

The silent growth strategy reveals how understated, steady businesses are quietly creating wealth for entrepreneurs in 2025. By focusing on long-term consistency and incremental progress, these "boring" industries are proving to be gold mines for those willing to embrace stability over hype.

Science & Technology

Tech Giants Are Pouring Billions Into AI Data Centers — Are We Ready for the Real Estate Shift That Comes With It?

A silent land rush is underway — AI giants like OpenAI and Meta are buying up real estate at an unprecedented scale. But why, and what does it mean for the future of property markets?

Franchise

The Fastest-Growing Franchises of 2025

If you want to buy into a business with that's booming, this is your ticket.

News and Trends

Scimplify Secures USD 40 Mn Series B Funding to Expand Global Specialty Chemical Manufacturing

Scimplify will use the funding to expand beyond 16 countries and strengthen its presence in life sciences, crop sciences, and industrial chemicals, tackling sourcing, regulatory, and large-scale manufacturing challenges.

Business News

Microsoft Leaked Internal Survey Reveals How Software Engineers Really Feel About Their $205,000 Median Pay

Is working at Microsoft a good deal? An internal survey shows how employees view the company.