Carrar Secures $5.3M in Series A Funding for Electric Vehicle Battery Modules

Carrar, a company based in Sha’ar Hanegev, Israel, has raised $5.3 million in Series A funding to develop battery modules and thermal management systems for electric vehicles (EVs). The funding round included new investors Salida B.V., OurCrowd, and NextGear, along with existing investors Gentherm, Next Leap Ventures, Dive Digital, and others. Led by CEO Avinoam Rubinstain, Carrar focuses on delivering commercial automotive-grade battery modules with innovative internal thermal management using two-phase immersion technology. This technology helps maintain optimal battery temperature in all climates, extending battery lifespan and reducing the total cost of ownership of EVs. Additionally, Carrar's systems enhance EV safety by preventing thermal runaway and battery fires. The company's commitment to advancing e-mobility and improving passenger safety sets it apart in the competitive EV market.