Clean Electric Secures $6 Million Funding in India

Clean Electric, an Indian startup specializing in energy storage solutions, has successfully raised USD 6 million in a funding round led by prominent investors. This significant investment will fuel the company's growth in India's burgeoning electric vehicle (EV) sector.

The funding round was co-led by Info Edge Ventures, Pi Ventures, and Kalaari Capital.

Impact investment firm Lok Capital and other investors also participated in the round.

This latest funding brings Clean Electric's total funding to approximately USD 9 million.

Driving Innovation in India's Electric Mobility Landscape

Clean Electric is dedicated to developing advanced liquid-cooled battery solutions specifically for two- and three-wheelers in India. The company's focus extends to battery swapping and energy storage infrastructure, addressing key challenges in the EV ecosystem.

The startup, founded in 2020 by Akash Gupta and Abhinav Roy, has already made significant strides in the Indian electric mobility sector.

Clean Electric's two-wheeler batteries can be charged within 12–15 minutes, while its three-wheeler batteries take 20–25 minutes, showcasing its commitment to fast and efficient charging solutions.

Expanding Reach and Impact in India's EV Market

Clean Electric has ambitious plans to further expand its operations in India and beyond. The company's roadmap includes introducing battery packs for four-wheelers in the first quarter of 2025, followed by heavy electric vehicles later that year.

The company is currently collaborating with 12 electric vehicle OEMs in India, demonstrating its commitment to fostering a comprehensive electric mobility ecosystem.

Clean Electric aims to significantly increase its manufacturing capacity from its current 20 megawatt hours (MWh) to between 150-200 MWh annually by the end of the year.

Strategic Partnerships and Industry Recognition

The startup's innovative approach and commitment to driving India's electric vehicle revolution have garnered attention from key investors and industry players.

Clean Electric's collaboration with leading companies like Bounce Infinity and Omega Seiki Mobility highlights its ability to deliver high-quality battery solutions.

Info Edge Ventures, a prominent investor in the Indian startup ecosystem, sees Clean Electric as a key player in addressing the critical need for reliable and fast-charging batteries in India's electric mobility landscape.

Clean Electric's Vision for a Sustainable Future in India

Clean Electric is committed to providing advanced battery technology and energy storage solutions, contributing to India's transition towards a cleaner and more sustainable future.

The company is actively expanding its product portfolio to cater to the evolving needs of India's electric vehicle market, covering a wide range of vehicle types, including two-wheelers, three-wheelers, four-wheelers, and commercial vehicles.

Clean Electric's focus on battery swapping infrastructure and energy storage solutions addresses key challenges in the electric vehicle ecosystem, contributing to the widespread adoption of EVs in India.

Key Takeaways: Clean Electric's Impact in India's EV Sector

Clean Electric's recent funding round underscores the growing importance of energy storage solutions and battery technology in India's electric vehicle market. This Indian startup is well-positioned to play a crucial role in accelerating the adoption of electric vehicles, contributing to a more sustainable future for India.

Clean Electric's commitment to research and development, combined with its strategic partnerships and focus on scalable manufacturing, sets the stage for significant growth in the Indian EV market.