Clean Electric

Clean Electric designs and manufactures lithium-ion battery packs for electric vehicles and stationary energy storage, built around a proprietary immersion liquid cooling approach in which cells are submerged in circulating non-flammable dielectric coolant. The company markets its cell-to-pack, chemistry-agnostic platform under the 0 Kelvin trademark and sells three product families: the MACH series (e.g. MACH 100 at 10.2 kWh/51.2 V and MACH 020 at 2.1 kWh/48 V) offering 0-100% charging in about 12 minutes with a three-year warranty and compatibility with Bharat DC001 and CCS public charging stations; the INSTA series of compact swappable packs (INSTA 250+ at 2.5 kWh, INSTA 240 at 2.4 kWh) supporting roughly two-minute swaps and 10-80% charging in 50 minutes; and the FLO series of LFP fireproof packs ranging from 11.8 kWh to 31.6 kWh for three-wheelers, four-wheelers and stationary storage.

Beyond hardware, the company operates a cloud-based battery intelligence platform providing real-time monitoring, remote diagnostics and predictive analytics on deployed packs, and a smart temperature modulation technique that regulates charging rate to limit lithium plating during high-speed charging. Its two-wheeler packs have been commercialised, three-wheeler packs charging in under 20 minutes over an open network charging protocol were in advanced certification stages as of September 2024, and four-wheeler packs for cars and light commercial vehicles were in pilot with production targeted for 2025.

Founding story

Clean Electric was founded by IIT-BHU graduates Akash Gupta and Abhinav Roy; Akash Gupta serves as CEO. Reported founding year varies between 2016 (CNBC-TV18) and 2020 (Climate Angels).

Business model

Clean Electric develops and manufactures battery packs and thermal management systems sold to electric vehicle OEMs, and also offers battery swapping, energy storage and infrastructure services. It was reported to be working with 12 electric vehicle OEMs as of September 2024.

Traction

The company website reports more than 12 customers, over 6,000 batteries deployed, 100+ deployment locations and more than 20 million kilometres covered. In September 2024 press coverage, nearly 1,000 battery packs had been deployed across 37 cities with two-wheeler OEM partners, monthly revenue was about $100,000 (roughly $1.2-1.5 million ARR), and management targeted $12-15 million ARR by end-2025 and a scale-up to 200 MWh of operations.

Latest developments

In September 2024 Clean Electric announced a $6 million Series A round co-led by Info Edge Ventures, Pi Ventures and Kalaari Capital with participation from Lok Capital and others, bringing total capital raised to about $9 million. The company said it would scale operations roughly tenfold over the following year, expand its leadership team, invest in R&D, complete certification of three-wheeler packs and move four-wheeler packs toward production in 2025.