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Chara Technologies raises $6.2M for rare-earth-free motor innovation
Chara secures $6.
Deeptech startup Chara Technologies has raised $6.2 million in its latest funding round to develop motors that avoid rare-earth elements. This approach aims to reduce reliance on constrained mineral supply chains. Lead investor Arkam Ventures joined by Exfinity, Kalaari Capital and IIMA Ventures. The funding will help prototype scaling, materials research, and market trials. The raise spotlights investor focus in sustainable hardware technologies and manufacturing independence for key components.