Chakratec has announced it has raised US$ 2 million in a Series B funding round from China based investor ZZRunner. The company is established in 2013 and brings to the energy market a patented kinetic battery energy storage solution based on a flywheel concept.
Chakratec will leverage this Series B funding mostly to complete its beta testing with actual potential customers in Israel, Europe and China, and move forward with its go to market penetration. The company is accelerating its development and sales activities and is looking for partners and pilot projects in Europe.
