According to foreign media reports, Chakratec announced the completion of the third round (C round) of financing, raising US$4.4 million from iArgento Group (Israeli company) and Goldbell (Singapore company). The company’s first investor is CapitalNature, which is still Is Chakratec's largest shareholder.

　　This round of financing enabled the company to launch three pilot projects in Europe. If the projects are successful, the first batch of orders will be obtained by the end of this year.

　　The company has developed a unique and innovative energy storage technology, and the power battery used uses the flywheel concept. This kind of kinetic battery can achieve high-power energy supply, with a service life of more than 20 years, and can complete tens of thousands to hundreds of thousands of charging and discharging cycles.

　　Until today, the fast charging technology of electric vehicles requires high-power electrical connections. This method is usually expensive, complicated to operate, and time-consuming to upgrade the power distribution network infrastructure.

　　The use of kinetic batteries makes the deployment and configuration of fast charging equipment for electric vehicles very simple, and can be deployed to any location, thereby integrating various energy sources and minimizing operating costs. The charging process developed by Chakratec requires a very large current flow (strongflow), and the charging time is only 5-10 minutes.

　　When the vehicle enters the charging station, even if the power of the kinetic battery is exhausted, the battery can be quickly filled by simply flushing the power into the vehicle. Due to limitations such as charging and discharging and high power, traditional chemical batteries cannot realize this fast charging application. (The picture in this article is selected from autoconnectedcar)