This morning, woke up to the announcement by one of Globevestor portfolio companies, Chakr Innovation, about its Series A fundraise. Chakr is on a mission to reduce air pollution, an evil of our times and an increasingly alarming problem in India.
Living in Delhi NCR since 2004, both me and my wife develop small respiratory issues for 3-4 months in winter, when the air quality drops significantly in the metropolis. With two little children, we only wonder what the air could do to their lungs. It’s a problem that has literally hit home.
Chakr builds retrofit devices that sit on top of diesel generators and sucks out nearly all the pollution and converts it into ink. It’s innovative and built by young engineers from IIT Delhi. It’s also finding many customers in the industry.
Hoping that with this fundraise, they can further their mission – which is important to all of us.
Read the news here at Economic Times.