indiGO Technologies Secures $54M Series B to Revolutionize Last-Mile EVs with SmartWheels™ Technology

indiGO Technologies is excited to announce a major funding milestone with a successful raise of $54,000,000, marking a pivotal moment in our journey to revolutionize the automotive industry. As an innovative automotive OEM, indiGO is dedicated to designing a new class of lightweight and affordable smart electric vehicles, meticulously engineered for last-mile delivery and ride-hail services. With our patented SmartWheels™ technology, we are redefining vehicle architecture by integrating propulsion and suspension directly into the wheels—a breakthrough innovation that not only delivers remarkably smoother rides and enhanced energy efficiency but also maximizes cargo space and significantly reduces operational costs. This latest funding round will be instrumental in accelerating the development and deployment of our state-of-the-art electric vehicle solutions. The capital raised is set to fuel our ongoing research and advancements in SmartWheels™ technology, expand our production capacity, and strengthen our strategic partnerships with industry leaders and top fleets. It will also empower us to further enhance our proprietary platform for fleet and driver management by driving the continuous improvement of our superior unit economics and user experience. At indiGO, we remain committed to transforming urban mobility and setting new standards in vehicle performance and efficiency. We invite all stakeholders, partners, and innovators interested in pioneering the future of transportation to connect with us and witness firsthand why indiGO Technologies is becoming the preferred choice for industry-leading fleets. For more information and collaboration opportunities, please visit our contact page at https://indigotech.com/contact/.