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BlueBinaries Secures INR 60 Cr For Mobility Tech Upgrade

Inc42 · 1y ago

BlueBinaries Secures INR 60 Cr For Mobility Tech Upgrade

BlueBinaries, a startup specializing in solutions and services for the mobility industry, has secured an investment to support its global expansion plans. The funding will allow the company to enhance its existing customer base of OEMs and Tier 1 automotive suppliers and develop technological solutions. BlueBinaries was founded in 2017 and offers services such as Vehicle Engineering & Systems Development.

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Anicut Capital leads Rs 60 Cr round in BlueBinaries

Entrackr

Entrackr · 1y ago

Anicut Capital leads Rs 60 Cr round in BlueBinaries

Engineering and technology services company BlueBinaries has raised Rs 60 crore ($7.2 million) in a mix of debt and equity round led by Anicut Capital. The proceeds will be deployed towards building its existing customer base of OEM’s and tier I automotive suppliers across geographies, enhancing SDV and digital capabilities, BlueBinaries said in a press release. Co-founded in 2017 by Srinivas Aravapalli and Kishore LM, BlueBinaries focuses on accelerating the development of software defined vehicles (SDVs) with E/E Architecture design & development services and Digital technologies like cloud, Devops, AI/ML, cyber security and IOT solutions for its customers. According to market research, the automotive electronics and software market is expected to grow to over $80B by the end of 2030. According to the Chennai-based company, it serves a diverse customer base in Europe, UK, USA and APAC. The platform aims to deliver cutting-edge technological solutions and services for the mobility industry. As per media reports, Anicut Capital is in the process of raising its third credit fund with a target corpus of Rs 1,300-1,500 crore. The firm is also on the verge of closing its first debt fund under the GIFT City structure.

Wellness Co secures ₹60 cr funding from EaseMyTrip

Inshorts · 11m ago

Wellness Co secures ₹60 cr funding from EaseMyTrip

The Wellness Co, a luxury wellness brand, has secured ₹60 crore from online travel aggregator EasyMyTrip for a 30% equity stake in its parent company, Rollins International Pvt Ltd. Recently, Inc42 reported that EasyMyTrip’s parent entity, Easy Trip Planners, has approved the acquisition of two companies for a total of ₹90 crore.

Zetwerk secures order from Indian Oil for 1,400+ EV chargers

Thehindubusinessline

Thehindubusinessline · 1y ago

Zetwerk secures order from Indian Oil for 1,400+ EV chargers

Zetwerk has secured an order with Indian Oil Corporation (IOCL) to install over 1,400 electric vehicle (EV) fast chargers across India. This partnership helps IOCL advance its goal of becoming a comprehensive energy solutions provider, investing in emerging mobility trends like EVs. Zetwerk will set up 50-60 kW and 100-120 kW DC Dual gun CCS2 DC Chargers, enabling simultaneous charging of two vehicles. By strategically locating these chargers in major cities, Zetwerk aims to drive widespread adoption of EV mobility and contribute to a sustainable future.

Client Associates Marks First Close Of INR 300 Cr Fund; Targets Early, Growth-Stage Deals

Inc42 · 1y ago

Client Associates Marks First Close Of INR 300 Cr Fund; Targets Early, Growth-Stage Deals

Wealth management firm Client Associates has announced the first close of its maiden Category II alternative investment fund (AIF) at INR 300 Cr ($36 Mn). The Client Associates Alternate Fund (CAAF) will focus on investing in consumer tech startups at the Pre-Series A to Series B stages, with cheque sizes between INR 10 Cr - INR 50 Cr per deal. The firm aims to raise commitments of INR 500 Cr ($60 Mn) and close the fund by the end of FY25. The fund has attracted interest from domestic family offices and ultra-high-net-worth individuals.

Smart mobility company Six Sense Mobility secures Rs 6 crore seed funding from Piper Serica

Economic Times

Economic Times · 1y ago

Smart mobility company Six Sense Mobility secures Rs 6 crore seed funding from Piper Serica

Indian smart mobility company Six Sense Mobility has raised INR 6 crore ($800,000) in a seed funding round from venture capital firm Piper Serica VC. Founded by Sumit Roy, Kapil Rao, and Narendra Kumar Verma, the Delhi-based firm plans to expand its team and production capacity, as well as invest in R&D for vehicle safety technologies. Six Sense Mobility offers a range of solutions for automotive safety, security, and maintenance, including crash detection and emergency services. The company aims to scale rapidly in the Indian and international markets, capitalizing on the growing connected cars sector.

Fyn Mobility secures $2.5 mn to drive global EV expansion

Inshorts · 3m ago

Fyn Mobility secures $2.5 mn to drive global EV expansion

Chennai-based EV-as-a-Service startup Fyn Mobility has raised $2.5 million from top investors to expand its 1,000-vehicle fleet, enhance tech, and enter Southeast Asia. With a focus on affordability, sustainability, and smart logistics, Fyn is revolutionising delivery with clean mobility solutions, impacting drivers, businesses, and cities alike.

BluSmart Crosses INR 500 Cr ARR In FY24, Eyes 10,000 EV Fleet By 2024-End

Inc42 · 1y ago

BluSmart Crosses INR 500 Cr ARR In FY24, Eyes 10,000 EV Fleet By 2024-End

Delhi-based electric mobility startup BluSmart has achieved an annual run rate of INR 500 crore ($60 million) in FY24, marking a growth of 102% compared to the previous year. The company's gross business value has grown at a CAGR of 300% over the last three years. BluSmart attributes its success to offerings such as zero cancellations, on-time arrivals, and zero-emission cabs. Founded in 2019, BluSmart aims to expand its EV fleet and charging infrastructure, with the goal of reaching 10,000 EVs by the end of 2024.

GreenCell Mobility Bags Credit Of INR 307 Cr For UP Ebus Project

Inc42 · 1y ago

GreenCell Mobility Bags Credit Of INR 307 Cr For UP Ebus Project

Indian shared electric mobility startup, GreenCell Mobility, has secured green financing of INR 307 crore ($36.7 million) from Sumitomo Mitsui Banking Corporation (SMBC) for its electric bus project in Uttar Pradesh. The project aims to deploy 9-metre fully built AC electric buses across eight cities in UP, reducing approximately 235,000 tonnes of CO2 emissions over its contract lifespan. GreenCell Mobility acquires electric buses from vendors and operates them for inter-city and intra-city travel. The funding from SMBC marks the company's first green financing from global banks.

Anicut Secures INR 50 Cr From SIDBI's Fund Of Funds

Inc42 · 1y ago

Anicut Secures INR 50 Cr From SIDBI's Fund Of Funds

Anicut Capital, an alternative investment firm, has received a INR 50 crore investment from the Small Industries Development Bank of India (SIDBI) for its Anicut Equity Fund. Anicut Equity Fund launched its Grand Anicut Fund III in June 2022 with a target corpus of INR 500 crore and an additional INR 250 crore green shoe option. The firm plans to back 12-14 growth-stage startups over the next 18-24 months from the Fund III. Anicut Capital's portfolio includes startups like Wow! Momo, Bira, Sugar Cosmetics, and ShareChat, among others.

Capillary Technologies Secures Board Approval for INR 2250 Cr IPO Launch

StartupTalky

StartupTalky · 2m ago

Capillary Technologies Secures Board Approval for INR 2250 Cr IPO Launch

Capillary Technologies has obtained board approval to launch a INR 2250 crore IPO, raising INR 500 crore through new shares and INR 1750 crore via an offer for sale. This move follows an earlier attempt to list in 2021, which was abandoned. Founded in 2008, Capillary offers client engagement software with clients like Domino's and Tata Group. The company saw an 80% revenue growth in FY24 and is backed by investors like Qualcom Ventures and Peak XV Partners.

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