Carrar 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.
Read also – Sprinto Secures $20 Million Equity in Funding
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.
It is, a leader in the supply of battery modules and thermal management systems for electric vehicles, has announced the closing of a funding round that was backed by previous backers Gentherm and Next Leap Ventures as well as new investors Salida B.V., OurCrowd, and NextGear Ventures.
Read also – Israel-Based Data security Company Cyera Secures $300 Million
With the achievement of this financial goal, Carrar will be able to introduce its innovative automotive-grade battery modules, which will signal a significant advancement in e-mobility.
About Carrar
Carrar is an EV battery thermal management system (TMS) that maintains battery temperature optimality in the face of heat variations resulting from environmental factors, rapid charging, or vehicle acceleration.
