Clean Electric Pvt. Ltd.

Based in India, Clean Electric Pvt. Ltd. specializes in advanced lithium-ion battery solutions for electric vehicles and stationary storage, contributing significantly to the electric mobility sector. Founded in 2016 in Pune, India, Clean Electric Pvt.

Ltd. develops lithium-ion battery solutions for electric mobility. The company has received a total funding amount of INR 485. 008 mn through a SERIES A round, co-led by InfoEdge Ventures, Kalaari Capital, and others on August 23, 2024.

Akash Gupta serves as both the CEO and Founder, overseeing the company's operations and strategic planning. The firm has completed four deals since inception, with its current valuation at approximately INR 1470. 610 mn. Clean Electric specializes in the development and manufacturing of advanced lithium-ion battery solutions tailored for electric vehicles, including two-wheelers, three-wheelers, and four-wheelers, as well as stationary storage applications.

Their product lineup includes the MACH series, featuring rapid charging capabilities that allow batteries to reach full capacity in just 12 minutes, and the INSTA series, which offers compact and portable battery solutions suitable for seamless two-minute swaps. The FLO series is designed for heavy-duty applications, providing high energy capacities while ensuring enhanced safety through patented immersion cooling technology. Clean Electric targets a diverse clientele, including vehicle manufacturers and energy storage providers, focusing on geographical markets across India and potentially beyond, leveraging charging infrastructure such as Bharat DC001 and CCS EV charging stations. In the most recent fiscal year, Clean Electric reported total revenue of INR 208,546.

4 in 2024, while the EBITDA for the same year was -INR 1,370,866. 2. The company generates revenue through direct sales of its battery solutions to manufacturers and energy providers, which integrate these systems into their offerings, reflecting a B2B business model centered on the growing demand for fast charging and high-performance energy solutions. In August 2024, Clean Electric Pvt.

Ltd. raised INR 485. 01 mn in SERIES A funding to bolster its research and development efforts, expand its sales and operations teams, and develop new products. The company aims to launch innovative battery solutions in the upcoming year and plans to explore new markets, potentially expanding its geographical reach beyond India.

The recent funding will support these initiatives, allowing Clean Electric to enhance its product offerings and strengthen its position within the electric mobility sector.