Indigrid Technology raises $5M in a funding round from Cactus Partners to expand production capacity and diversify product offerings.
Amount Raised
$5 Million
Round Type
Funding Round
GurgaonManufacturingAutomotiveInvestors
Description
Indigrid Technology, an electric vehicle component startup, has raised $5 million from Cactus Partners, an early growth-stage venture capital fund. This is the first institutional round for the startup and the capital will be used to expand production capacity, diversify product offerings, and support other growth initiatives.
Quick answer
Indigrid raised $5 Million in a Funding Round round, dated June 13, 2024. Investors: Cactus Partners. Indigrid is based in Gurgaon, Haryana, India.
- How much did Indigrid raise?
- Indigrid raised $5 Million in a Funding Round round on June 13, 2024.
- Who invested in Indigrid?
- Cactus Partners is named as investors in this round.
- What does Indigrid do?
- Indigrid Technology is an electric vehicle component startup founded in 2017, with manufacturing operations in Manesar, Haryana.
- Where is Indigrid based and how big is it?
- Indigrid is based in Gurgaon, Haryana, India. Fundz records about 158 employees.
- Who are the decision-makers at Indigrid?
- Fundz holds 1 contact at Indigrid. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Manufacturing around the same time
Companies in the same sectors as Indigrid that raised within 45 days of this round, from Fundz verified event records.
- eLstar Dynamics raised $2.2M (Series A) on July 16, 2024.
- VerdeGo Aero raised $2M on July 12, 2024.
- VerdeGo Aero raised $1.5M on June 25, 2024.
- LD Carbon raised $28M (Series C) on June 18, 2024.
- TIER IV raised $54M (Series B) on June 17, 2024.
- Clean Motion raised $1M (Seed) on June 11, 2024.
Who to call at Indigrid, and when
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- An alert the day Indigrid raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Indigrid, from your own LinkedIn network
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