Clean-tech startup Chakr Innovation has raised $23 million (₹193.5 crore) in a Series C funding round led by Iron Pillar, with participation from SBI Cap Ventures, ONGC, IAN, and Inflexor. This fresh capital will be directed towards expanding manufacturing capacity, strengthening R&D, driving global market expansion, and enabling backward integration.

The New Delhi-headquartered company, founded by Kushagra Srivastava, focuses on advanced material science technologies for clean energy and sustainability. With facilities in Gurugram and Pune, Chakr Innovation has developed breakthrough solutions including Chakr Shield, India’s first certified retrofit emission control device (RECD) for internal combustion engines, as well as IoT-enabled diesel generator monitoring systems and metal-air battery technologies.

Highlighting the strategic milestone, Srivastava stated, “This funding is a major step toward our vision of building world-class material science technologies from India. With these resources, we will expand globally, strengthen our R&D capabilities, and establish the country’s first dedicated materials science centre focused on critical materials.”

With this round, Chakr Innovation’s total funding has reached $30 million, underscoring growing investor confidence in India’s clean-tech innovation and its role in addressing global energy and environmental challenges.