SBICap Ventures led a Series B funding round in Chakr Innovation.

SBICap Ventures, an alternative asset manager, led a Series B funding round in Chakr Innovation, an emission-control device manufacturing company. Financial terms were not disclosed. “Chakr is emerging as a leading mission-driven, clean-technology company that will transform energy managers’ woes of pollution risk. Chakr is part of a new league of clean-tech focused SMEs that are shaping the fight against climate change. Neev is delighted to be part of Chakr’s journey in helping them develop newer markets and products., Akshay Panth, SBICap Ventures Principal of Neev Funds.