What is Carrar?
Carrar is at the forefront of developing disruptive two-phase cooling technology that leverages latent heat for electric vehicle batteries and onboard electronics. Established after five years of dedicated research and development, Carrar's solution enables ultra-fast charging and discharging while ensuring uniform temperature distribution down to the cell level. This not only preserves battery life but also enhances safety by preventing thermal propagation. The company's technology is recognized for being safer, more compact, cost-effective, and efficient, effectively addressing the critical thermal challenges faced by EV batteries and electronics.
How much funding has Carrar raised?
Carrar has raised a total of $5.3M across 1 funding round:
Series A
$5.3M
Series A (2024): $5.3M with participation from Gentherm, NextLeap Ventures, OurCrowd, and NextGear Capital
Key Investors in Carrar
Gentherm
Gentherm, a global leader in thermal management technologies, brings extensive automotive industry experience, particularly in battery thermal management systems, making them a strategic partner for Carrar's EV solutions.
NextLeap Ventures
NextLeap Ventures, an early-stage venture fund focused on breakthrough technologies in areas like sustainability, actively supports high-tech startups with deep tech expertise and a strong network, aligning with Carrar's innovative approach.
OurCrowd
OurCrowd, an Israeli investment platform for startups and venture funds, provides access to capital and a robust network, supporting Carrar's growth trajectory in the deep tech sector.
What's next for Carrar?
With this major strategic investment, Carrar is poised to scale its operations and further innovate its thermal management solutions. The substantial capital infusion, highlighted by the $5.3M in its latest funding round, suggests a Series A or later stage of development, indicating a focus on market expansion and product commercialization. Carrar's ability to break the heat barrier for EV batteries positions it as a key player in enabling the next generation of electric vehicles, likely focusing on strategic partnerships and manufacturing scale-up to meet increasing industry demand.
See full Carrar company page
