Chakr Innovation raises $23M Series C to scale its emission control tech globally

Chakr Innovation, backed by ONGC, raised $23M in Series C funding led by Iron Pillar. Founded in 2016, the company develops emission control devices and is building an indigenous lithium-ion battery alternative. With 450 employees and 42 patents, it operates from Gurugram and Pune. Funds will expand manufacturing, global growth, and R&D, including a new materials science center, reflecting rising interest in India’s climate tech sector.