Chakratec raises $4.4 million for flywheel storage technology for DC fast charging

By Charles Morris Israeli startup Chakratec has raised $4.4 million from the iArgento Group and the Singaporean company Goldbell in a series C financing round. The company will use the new funding to conduct pilot projects with three European utilities. It hopes to receive its first orders later this year.
Chakratec, established in 2013, …read more