Indigrid Nets $4 Mn To Scale Production Of EV Components

Indigrid Technology raises ₹35-Cr from Cactus Partners at ₹600-Cr valuation | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

Indigrid Technology, an electronics systems design and manufacturing (ESDM) startup, has raised $4 million (₹35.2 crore) in a follow-on round from existing backer Cactus Partners, taking its post-money valuation to around ₹600 crore. This comes over a year after Cactus had led Indigrid’s $5 million Series A round in June 2024. Founded by Sameer Narang and Rishab Puri, the Gurugram-based company has primarily catered to the automotive sector but …

Indigrid Nets $4 Mn To Scale Production Of EV Components

Electric vehicle (EV) component maker Indigrid Technology has raised $4 Mn (INR 35.2 Cr) as part of a strategic funding round from existing investor Cactus Partners.  In a statement, the startup said that it plans to utilise the funds for expanding production capacity and offerings, enhancing automation, ramping up hiring and broadening presence both in India and other global markets. Speaking with Inc42, Indigrid cofounder Sameer Narang said th…