Fundz

Fabric has raised $13.5 million in a Series A funding round led by Nuveen to enhance its technology development in the EV sector.

PRIVATEApr 23, 2025

Amount Raised

$13.5 Million

Round Type

Series A

BengaluruCommerce and ShoppingFinancial ServicesSoftwareMobileConsumer GoodsLending And InvestmentsPayments

Investors

Nuveen

Description

Fabric, a company specializing in EV technology, along with its unit Intellicar, has secured $13.5 million in Series A funding. The investment, led by Nuveen, will support the development of next-generation technology. Founded in 2022 in Bengaluru, the company aims to strengthen its presence in the mobility ecosystem. The funds will help empower millions to adopt sustainable transportation solutions.

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Company Information

Company

Fabric

Location

Bengaluru, Karnataka, India

About

Fabric is building the EV future by a SAAS platform-- setting up an IoT network infrastructure, platform and deploying various IoT solutions in smart cities, smart home spaces, and among others providing services and future mobility solutions.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Fabric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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