Founded by Bhaktha Keshavachar, Mahalingam Koushik, and Ravi Prasad, Bengaluru-based Chara Technologies has raised ₹52 crore in Series A funding led by Arkam Ventures. The startup will use the funds to expand its rare-earth-free motor production, set up a new facility, and boost annual capacity to 1 lakh units for EVs and industrial applications.