indiGOtech raised $54M in a Series BB funding round, led by FedEx and Foxconn. The funding will support the launch of new SmartWheels™ powered EVs and GO Loop service hubs.

Apr 29, 2025•8 months ago

Amount Raised

$54 Million

Round Type

series b

WoburnInformation Technology

Investors

Fm CapitalFoxconnFed Ex

Description

indiGOtech, a mobility tech company based in Woburn, MA, closed a $54M Series BB funding round. Backers included FedEx, Foxconn, and FM Capital. The funding will allow GO to start the GO Loop services and launch their DASH vehicle. The company aims to secure a Series C by year-end to bring the FLOW to market.

Company Information

Company

indiGO Technologies

Location

73 Holton Street

Woburn, Massachusetts, United States

About

indiGO Technologies is a U.S.-based automotive OEM creating a whole new class of lightweight and affordable smart electric vehicles that are purpose-built for last-mile delivery and ride-hail services. With our patented SmartWheels™ technology, we’re redefining vehicle architecture by integrating propulsion and suspension directly into the wheels. This breakthrough delivers smoother rides, improved energy efficiency, and more cargo space—while reducing operational costs.

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