Chakr Innovation and their retrofitted emissions scrubber for diesel generators has raised ₹19 crore (USD $2.7 million) in series A funding. The bulk of the investment comes from Indian Angel Network (IAN) Fund, a seed venture capital fund that invests in technologies for agriculture, health, finance, education and others. The startup plans to use the investment to expand into at least a dozen cities in the next year and a half.
Newest edition to #IANPortfolio in sustainable development: Chakr Innovation.
Leading the Series-A funding round for the startup, #IANFund underscores its commitment of supporting innovative technology in Cleantech sector.