What is Carrar?
Carrar provides cutting-edge thermal management system (TMS) technology tailored for the electric mobility sector. Established after five years of intensive research and development, the company leverages disruptive two-phase cooling technology that capitalizes on latent heat's thermodynamic properties. Carrar's solutions enable ultra-fast charging and discharging while ensuring uniform temperature distribution at the cell level, thereby extending battery lifespan and preventing thermal propagation. The technology is noted for its safety, compact design, cost-effectiveness, and high efficiency, addressing the critical challenge of heat management in EV batteries and onboard 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 NextLeap Ventures, Gentherm, OurCrowd, and NextGear Capital
Key Investors in Carrar
NextLeap Ventures
NextLeap Ventures is a venture fund focused on early-stage Israeli high-tech startups, particularly in AI, sustainability, and digital health, leveraging extensive experience for rigorous due diligence and portfolio support.
Gentherm
Gentherm, founded in 1991, is a global leader in thermal management technologies for automotive applications, including battery thermal management systems, and is headquartered in Northville, Michigan.
OurCrowd
OurCrowd, established in 2013, operates an investment platform for accredited investors and institutions to fund startups and venture funds, with a base in Israel.
What's next for Carrar?
With this major enterprise-level funding, Carrar is poised for significant scaling and market penetration. The strategic investment signals strong confidence from investors in the company's disruptive technology and its potential to address a key bottleneck in the electric vehicle industry. This capital infusion will likely accelerate product development, expand manufacturing capabilities, and bolster sales and marketing efforts to capture a larger share of the rapidly growing EV market. The focus on enhancing battery life and safety through advanced thermal management positions Carrar as a key player in the future of electric mobility.
See full Carrar company page
