Carrar, an Israeli developer of battery systems, has secured three new original equipment manufacturer (OEM) agreements, expanded production capabilities, and announced plans for a Series A+ funding round. The developments support the company’s presence in electric vehicle (EV), marine, and energy storage markets.
The OEM agreements allow Carrar’s proprietary two-phase immersion battery technology to be integrated into various applications. The company said the technology is designed to extend battery life, enhance safety, and reduce material consumption and carbon footprint compared with conventional systems.
To meet growing demand, Carrar is implementing a commercial-scale assembly line and upgrading testing facilities to meet industry standards. The company expects these measures to support broader adoption of its battery systems and facilitate market expansion.
Carrar plans to launch a Series A+ funding round to support production scale-up, technology development, and international growth. Previous financing included a $5.3 million Series A and a $4.6 million government grant.
Founded in 2019 and based in Sderot, Israel, Carrar develops battery systems for applications in EVs, marine vehicles, and energy storage.