India, Sept. 22 -- ONGC-backed climate tech startup Chakr Innovation has raised $23 Mn (INR 193.5 Cr) in a Series C funding round led by Iron Pillar.

In a statement, the startup said that it plans to utilise the fresh funds to expand its manufacturing capacity, accelerate international growth and scale up backward integration. A portion of the capital will also be utilised to further invest in research and development (R&D).

"This funding is a major step toward realising our vision of building world-class material science technologies from India. With these resources, we will expand globally, strengthen our R&D capabilities, and establish the country's first dedicated materials science center focused on critical materials.,' said cofoun...