Carrar Raises $5.3M to Expand EV Battery Technology and Manufacturing Capabilities
Carrar Raises $5.3M in Series A Funding
Carrar's Series A Funding
Key Highlights:
- Series A Funding: Carrar, a provider of battery modules and thermal management systems for electric vehicles (EVs), raised $5.3 million in Series A funding.
- Investors: New investors include Salida B.V., OurCrowd, and NextGear, along with participation from existing investors Gentherm, Next Leap Ventures, Dive Digital, and others.
- Technology and Solutions: Carrar develops battery packs and thermal management systems for EVs using two-phase immersion cooling technology, ensuring optimal battery temperature, extending battery lifetime, and enhancing EV safety.
Carrar's Target Market
- Electric Vehicle Manufacturers: Automotive companies and manufacturers of electric vehicles seeking advanced battery modules and thermal management systems.
- EV Battery Technology Companies: Battery technology companies looking for innovative solutions to enhance battery performance and safety.
- Automotive Industry Suppliers: Suppliers and partners in the automotive industry interested in collaborating on EV battery technology and thermal management systems.
What Carrar Needs to Buy
- Manufacturing Equipment and Facilities: Investments in manufacturing equipment and facilities to scale up production of battery modules and thermal management systems.
- Research and Development Partnerships: Collaborations with research institutions and technology companies to further enhance battery technology and thermal management solutions.
- Marketing and Sales Support: Services to support marketing and sales efforts, including branding, lead generation, and customer acquisition.