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Deeptech startup Chara secures $6.2M to build rare-earth-free motors
Chara raises $6.
Chara Technologies, a deep tech firm focused on developing motors without rare earth elements, has raised $6.2 million led by Arkam Ventures. Existing backers Exfinity, Kalaari Capital, and IIMA Ventures also participated. The capital will support scaling, prototyping, and commercialization of sustainable motor technologies aimed at reducing supply-chain risk. With regulatory tailwinds and green manufacturing trends, Chara’s traction highlights investor interest in core engineering innovation. Industry watchers see this funding as a signal for hardware startups.