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EV motor & controller startup Attron Automotive raises Rs 4.75Cr led by Venture Catalysts and Anicut Capital

IndianStartupNewsIndianStartupNews · 1y ago
EV motor & controller startup Attron Automotive raises Rs 4.75Cr led by Venture Catalysts and Anicut Capital
Medial

EV motor and controller startup Attron Automotive has secured Rs 4.75 crore in a seed funding round led by Anicut Capital and co-led by Venture Catalysts. Attron aims to revolutionize electric mobility with its precision-engineered motor and controller solutions, promoting sustainability and enhancing vehicle performance. The funding round also saw participation from other investors, including Pontaq VC and angel investor Yashovardhan Shah. Attron plans to use the investment to expand its operations, including setting up a new production facility capable of producing 8,000 units per month, in response to the increasing demand in the electric vehicle market.

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Anicut and VCats lead seed round in Attron Automotive

EntrackrEntrackr · 1y ago
Anicut and VCats lead seed round in Attron Automotive
Medial

Attron Automotive, a precision-engineered motor and controller solutions provider, has raised Rs 4.75 crore in its seed round led by Anicut Capital and co-led by Venture Catalysts. Pontaq VC and angel investor Yashovardhan Shah have also participated in the seed round. The proceeds will be used to fuel the company’s mission of revolutionising electric mobility with its technology and innovation, the company said in a press release. Attron Automotive’s product portfolio includes precision-engineered motors and advanced controllers that optimize performance across electric mobility, industrial automation, and aerospace applications. With patented topology, Attron’s motors claims to deliver efficiency and reduced torque ripple, ensuring optimal performance in diverse environments. Meanwhile, Attron’s controllers offer easy integration and adaptability, empowering clients with advanced features such as adaptive algorithms and real-time monitoring.

CapGrid Solutions raises $5 Mn led by Anicut Capital

EntrackrEntrackr · 8m ago
CapGrid Solutions raises $5 Mn led by Anicut Capital
Medial

CapGrid Solutions raises $5 Mn led by Anicut Capital B2B manufacturing startup CapGrid Solutions has raised $5 million (around Rs 45 crore) in a funding round led by Anicut Growth Fund. The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures. Earlier in January 2023, CapGrid had raised $7 million led by Nexus Venture Partners. The round closed at a valuation of Rs 305 crore after the investment, according to an ET report. The proceeds will be used for global expansion and investments in technology to improve supply chain and operational efficiencies. Founded in 2020 by Tiwari and Himanshu Singh Raghuvanshi, CapGrid helps car part makers and suppliers by making it easier to find and buy the materials they need. It helps OEMs procure precision parts and components from suppliers that it has tied up with. CapGrid currently operates around 11 fulfilment centres and has 50 strategic supply manufacturing partners. The Gurugram-based startup claims to have recorded a revenue of around Rs 99 crore in the last fiscal year and expects to reach Rs 220 crore in FY25.

Dubpro.ai raises $500K in seed round

EntrackrEntrackr · 1y ago
Dubpro.ai raises $500K in seed round
Medial

AI startup Dubpro.ai has raised $500k in its seed round from Venture Catalysts. Anicut Capital, 9Unicorns, and JJFO and FirstCheque also participated in the round. Founded by Ishan Sharma and Rishikesh, dubpro.ai enables creators and companies to localise their video content through advanced AI-driven dubbing solutions. Using a combination of Artificial Intelligence and human expertise, dubpro.ai offers high-quality vernacular content localisation that was previously inaccessible due to cost restrictions and time-consuming processes. “We are extremely excited to work with leading investors and a passionate team to build generative AI capabilities in Indic languages that could unlock a great potential for video content being available across all vernacular languages from Education to Entertainment content,” said Sharma, founder & CEO of dubpro.ai. The platform claims to deliver realistic dubbing experiences at a scalable cost point, ensuring efficiency and affordability. With an emphasis on quality assurance, Dubpro.ai’s human experts conduct over 10 quality checks. Venture Catalysts invests $250K – $2 million in early-stage startups. It has a presence across 55 cities in 9 countries. It recently led funding round in proptech startup Bandhoo.

IndiGrid raises $4 Mn led by Cactus Venture Partners

EntrackrEntrackr · 1m ago
IndiGrid raises $4 Mn led by Cactus Venture Partners
Medial

IndiGrid raises $4 Mn led by Cactus Venture Partners Electric vehicle (EV) component maker IndiGrid Technology has raised $4 million (about Rs 35.2 crore) as part of a strategic funding round from existing investor Cactus Partners. Electronics systems design and manufacturing startup IndiGrid Technology has raised $4 million (about Rs 35.2 crore) as part of a strategic funding round from existing investor Cactus Partners. The proceeds will be allocated towards expanding production capacity and offerings, enhancing automation, ramping up hiring and broadening presence both in India and other global markets, IndiGrid Technology said in a press release. Co-founded in 2015 by Sameer Narang and Rishab Puri, IndiGrid Technology is a full stack electronics component manufacturer with in-house design and manufacturing capabilities. The electronics system design and manufacturing (ESDM) startup makes battery packs, motor controllers, vehicle control units, components for EV drivetrains, among others. “Having matured in the automotive industry, we have diversified to increase our product portfolio by acting on the evidently growing market traction in the consumer goods sector where we began acquiring some key clients,” said Sameer Narang, co-founder of IndiGrid Technology. The latest round comes more than a year after Cactus Partners led IndiGrid’s $5 million Series A round in June 2024. Since then, the company has diversified into consumer electronics and now also caters to companies like Hella, Rosenberger, Sensetek, Sandhar, IFB, Revolt, among others. IndiGrid reported a revenue of Rs 108.5 crore in the fiscal year 2024-25 (FY25) and it is targeting a top line of Rs 350 crore to Rs 380 crore in FY26. It claims to operate at high single-digit EBITDA margin and projects to clock double-digit EBITDA margin growth in the next couple of years.

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