New Delhi, Sept. 23 -- Chakr Innovation is a deep-tech start-up focused on material science and clean-technology solutions. The company says its product portfolio targets pollution control and alternative energy-storage pathways using indigenous inputs.

The company has raised USD 23 million (INR 193.5 crore) in a Series C round led by Iron Pillar, the company said. Existing investors include SBI Cap Ventures, ONGC, IAN and Inflexor. Ambit Private Limited acted as the exclusive financial adviser on the transaction.

The company said the funds will be used to expand manufacturing capacity, accelerate international growth, pursue backward integration and increase investment in research and development focused on clean-tech applications. Cha...