Indigrid Technology Pvt Ltd. secures $4M to supercharge electronic components’ design and manufacturing growth in India

Indigrid Technology has raised $4 million in a funding round led by Cactus Ventures.

Founded by Sameer Narang and Rishab Puri in 2015, Delhi NCR, India, Indigrid Technology is building a full-stack electronics manufacturing with in-house design and production, making battery packs, motor controllers, vehicle control units, and EV drivetrain components for various sectors.

The fresh capital will be used to expand production, improve automation, hire more staff, and grow its presence in India and abroad, including building new facilities in Goa and Manesar, Haryana.

Moved from one facility to three facilities to cater to a larger client base after the Series A round.

Forayed into the consumer goods sector, which now contributes 40-50% of revenues, and reported a 3–3.5x revenue growth in FY25, up from ₹70 crore in FY24.