Climate Angels announced that it has invested in Clean Electric and claimed to have also helped the start-up raise $2.2 million in a seed round led by Kalaari Capital. The round also saw participation from LV Fund, 7Square Ventures, and CIIE Regional Innovation Foundation.
With the funding received, Clean Electric plans to set up a manufacturing facility in Pune to produce 5,000 battery packs per month. The start-up is addressing pressing safety and performance issues for EVs like battery fires, long charging times and frequent battery replacement via its proprietary battery technology.
The start-up has built liquid-cooled battery solutions for electric2W/3W and battery swapping applications and claims that its AIS-156 Phase 2 solutions have undergone 30,000 kms of on-road testing.
Abhinav Roy, Co-Founder and CTO, Clean Electric, noted that the start-up plans to use the funds to expand its R&D, sales, and operations teams.
As per Sumeet Singh, Partner, Climate Angels, the patents the team has filed introduce direct liquid cooling technology wherein the cells of the battery are 100% in contact with a coolant which ensures maximum safety (fireproof), 25-minute charging, and a 1.5x longer life span. He is positive that these solutions can be exported to several countries in the global south.