Anicut Capital Leads Rs 4.75 Cr Funding Round for Attron Automotive

• ByStartupStory     |    June 8, 2023

Attron Automotive, a leading provider of cutting-edge motor and controller solutions for electric vehicles, recently secured Rs 4.75 crore in its inaugural funding round. The funding was led by Anicut Capital and attracted notable participation from Pontaq VC, Venture Catalyst, and Yashovardhan Shah.

The allocated funds will be utilized by Attron Automotive to bolster the company’s crucial growth endeavors, such as the development of an assembly line, the establishment of a prototyping facility, team expansion, and research and development activities.

Founded by Mosam Ugemuge, Chander Udhay Singh, Shubham Pode and Mohit Borkar, Attron Automotive leverages its innovative technology to provide highly efficient motors and pre-integrated solutions for a wide range of applications, including automotive, defence, aviation, and agriculture. The company has successfully conducted extensive field testing of its system with several original equipment manufacturers (OEMs) and is now ready for large-scale production after the establishment of its assembly line.

Attron Automotive’s strategic focus is on capturing the attention of original equipment manufacturers (OEMs) who are seeking alternatives to Chinese powertrain components and are interested in domestically manufactured solutions. In addition, the company aims to establish partnerships with other EV component OEMs, including battery, BMS, DC-DC converter, and VCU manufacturers, in order to deliver comprehensive electric vehicle solutions for retrofitting and new product development endeavors.

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