Carrar, a Sha’ar Hanegev, Israel-based provider of battery modules and thermal management systems for electric vehicles (EVs), raised $5.3M in Series A funding.
Backers included new investors Salida B.V., OurCrowd, and NextGear, and current investors Gentherm, Next Leap Ventures, Dive Digital, and others.
The company intends to use the funds to deliver commercial automotive-grade battery modules for electric vehicles with novel internal thermal management based on two-phase immersion technology.
Led by CEO Avinoam Rubinstain, Carrar develops battery packs for electric vehicle batteries and thermal management systems for the powertrain and in-vehicle computers based on two-phase immersion cooling technology. It maintains optimal battery temperature in all climates, extending battery lifetime threefold and reducing the total cost of ownership of EVs. The company increases EV safety by preventing thermal runaway and battery fire.
FinSMEs
10/04/2024