Attron Automotive, provider of innovative motor and controller solutions for electric vehicles, has raised Rs 4.75 crore in its maiden funding round led by Anicut Capital. The round also saw participation from Pontaq VC, Venture Catalyst and Yashovardhan Shah.
The company plans to use the funds to support the company’s key growth initiatives, including the setup of an assembly line, establishment of a prototyping facility, team expansion, and research and development.
Founded by Mosam Ugemuge, Shubham Pode, Chander Udhay Singh, and Mohit Borkar, Attron Automotive’s proprietary technology delivers motor efficiency and pre-integrated solutions for various applications, including automotive, defence, aviation, and agriculture. According to Attron Automotive, it has already completed field testing of its system with multiple OEMs and is now poised for mass production following the setup of its assembly line.
The company plans to target original equipment manufacturers (OEMs) seeking to transition from Chinese powertrain components to domestically manufactured solutions. Furthermore, Attron Automotive aims to collaborate with other EV component OEMs, such as battery, BMS, DC-DC converter, and VCU manufacturers, to offer complete EV solutions for retrofitting and new product development.
