Carrar is a technology company.
Carrar has raised $5.0M across 1 funding round.
Carrar has raised $5.0M in total across 1 funding round.
Carrar has raised $5.0M in total across 1 funding round.
Carrar's investors include OurCrowd, Red Shepherd Ventures, Tau Ventures, VentureIsrael, Will Graylin.
Carrar is an Israeli battery technology company founded in 2019, specializing in advanced battery systems with proprietary two-phase immersion cooling for electric vehicles (EVs), marine applications, and grid-scale energy storage.[1][2] It serves automakers, Tier 1 suppliers, commercial fleets, and manufacturers by solving critical thermal management challenges in batteries, enabling up to 4x longer battery life, preventing thermal runaway for enhanced safety, and supporting reliable EV operation in extreme climates to reduce costs and emissions.[2][3] Carrar's growth includes ongoing projects with top automakers and suppliers in the USA, Sweden, Germany, Italy, and Japan, positioning it as a key enabler in the e-mobility transition.[2]
Carrar was founded in 2019 in Negev, Israel, by a team of industry veterans and technologists focused on revolutionizing EV thermal management systems (TMS).[1][2] The idea emerged from expertise in battery cooling to address EV limitations like heat-related degradation, safety risks, and performance in harsh conditions, aligning with a vision of fossil-fuel-free mobility.[2] Early traction came through proprietary two-phase immersion cooling technology, leading to intellectual property development including one filed patent on automotive battery topics, and partnerships with global automakers; Eitam Friedman, the acting CEO and CTO, was the first employee, bringing experience from military-grade engineering at Eltel to lead R&D, product teams, and IP.[1][2]
Carrar's edge lies in its innovative thermal management integrated into battery packs, distinguishing it from competitors like EnPower (multilayer electrodes), DENSO (broader automotive systems), and Advanced Cooling Technologies (general thermal solutions).[1]
Carrar rides the global EV adoption wave, addressing thermal bottlenecks that limit battery efficiency amid surging demand for sustainable transport—projected to dominate by 2030 amid decarbonization pushes.[2] Timing is ideal with rising EV sales, regulatory pressures for zero emissions, and challenges like extreme weather exposing cooling gaps in legacy systems; market forces like falling battery costs and grid strain favor immersion tech for longevity and safety.[1][3] It influences the ecosystem by partnering with OEMs in key markets (USA, Europe, Japan), accelerating e-mobility for fleets and grids, and promoting gender equality/innovation values to build a reliable EV infrastructure.[2]
Carrar is poised to scale via deepening OEM integrations and expanding to marine/grid storage, capitalizing on EV thermal demands as batteries push density limits.[2][4] Trends like ultra-fast charging, autonomous fleets, and hydrogen-EV hybrids will amplify its immersion cooling advantage, potentially capturing share in a $100B+ battery market. Its influence may evolve from niche innovator to ecosystem standard-setter, especially if IP expands and funding (e.g., via platforms like OurCrowd) fuels production ramps—ultimately powering a cooler, safer path to widespread electrification.[1][2][4]
Carrar has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Series A in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $5.0M Series A | OurCrowd, Red Shepherd Ventures, Tau Ventures, VentureIsrael, Will Graylin |