Indigrid Technology
EV powertrain components and electronics design manufacturing services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $5.0m | Early VC | |
| Total Funding | 000k | ||
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Indigrid Technology, founded in 2016 by Sameer Narang and Rishab Puri, is an electronics system design and manufacturing (ESDM) company based in Gurugram, India. Rishab Puri, the Director of Operations, has a background in marine machinery operations, while Sameer Narang, the Director of Finance & Sales, focuses on business development and strategy. The company began operations in 2017 with a focus on battery technology and has since expanded its capabilities to include both electronic design and high-volume manufacturing.
The business operates across two primary verticals: electric vehicle (EV) components and electronics contract manufacturing. In the EV sector, Indigrid provides full-stack power electronic solutions, including battery packs, drivetrains, motor controllers, and vehicle control units, primarily for two and three-wheeler OEMs. The company also offers electronics design and manufacturing services for various industries, such as automotive, industrial, consumer appliances, and home appliances. Its client portfolio includes prominent names like JP Minda, Hella, Revolt, Bounce, and Hero MotoCorp. Revenue is generated through the sale of these components and manufacturing services, with the company clocking approximately ₹70 crore in FY24.
Indigrid Technology has manufacturing facilities in Manesar and Goa, which are equipped with high-speed SMT lines and are certified with ISO 9001 and IATF 16949, among others. The company has raised a total of $7.72M in funding, with a significant Series A round led by Cactus Venture Partners. This capital is being used to expand production capacity, enhance R&D for new powertrain products, and increase its market presence.
Keywords: EV components, electronics design manufacturing, ESDM, powertrain solutions, battery packs, motor controllers, PCB assembly, automotive electronics, contract manufacturing, SMT manufacturing, vehicle control unit, embedded systems, EV chargers, cleantech, Make in India, electronic solutions, industrial IoT, consumer electronics, smart devices, two-wheeler EV