About Fabric IoT
Fabric IoT is a Technology company based in Bengaluru (India) founded in 2022 by Sidharth Middela, Shunmuga Krishnan Senthil Arumugam, and Karan Makhija. Data and energy infrastructure for EV charging is provided. It operates in the Technology, Energy & Utilities, and Transportation, Automotive & Logistics sectors. Fabric IoT has raised $13.5 million across 1 funding round from investors including Nuveen. The company has 1 employees. Fabric IoT has completed 1 acquisition, including Intellicar. Its chief executive, as recorded, is Karan Makhija. Its Indian entity Fabric Iot Private Limited reported revenue of ₹36.54 Cr. Fabric IoT offers products and services including Intellicar and Buzz Energy. Its focus areas include Energy Tech, Electric Vehicles, Charging Solutions and Plug in Charging.
Company details
Provider of data and energy infrastructure for electric vehicle charging. This infrastructure supports the operational intelligence of EV companies and facilitates widespread EV adoption by creating charging networks accessible to homes, offices, and commercial spaces. The company offers solutions enabling quick IoT integration for EV businesses and develops energy networks to ensure convenient charging access. Its offerings address both data management and energy provision aspects of a smart transportation system.
- Headquarters Bengaluru, India
- Employees 1
- Founders Sidharth Middela, Shunmuga Krishnan Senthil Arumugam, Karan Makhija
- SectorsTechnologyEnergy & Utilities Transportation, Automotive & Logistics
- Email••••••••
- Website fabriciot.com
- Social LinkedIn
- Legal Name Fabric Iot Private Limited
- Date of Incorporation 22 Feb, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹36.54 Cr
FY 2024 · +72% YoY
- Net Profit₹42.3 Lakh
FY 2024 · 1% margin
- EBITDA₹5.47 Cr
FY 2024 · 15% margin
- Total Equity Funding$13.5M (USD)
in 1 rounds
- Latest Funding Round$13.5M (USD), Series A
Apr 2025
- Investors
- Employee Count1
- Investments & Acquisitions
Associated legal entities of Fabric IoT
Fabric IoT operates through Fabric Iot Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fabric Iot Private Limited CIN U72900KA2022PTC158230 | Active | 22 Feb 2022 | Bangalore, Karnataka | ₹36.5 Cr | 4 | View details |
Products & Services of Fabric IoT
Fabric IoT offers a comprehensive portfolio of products and services, including Intellicar and Buzz Energy.
Provides IoT solutions for EV operational intelligence.
Offers charging infrastructure for widespread EV adoption.
Funding Insights of Fabric IoT
Fabric IoT has successfully raised a total of $13.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $13.5 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.5M
- Total Rounds 1
- Last Round Series A — $13.5M
- First Round $13.5M
(Apr 2025)
- Investors Count 1
All 1 funding rounds of Fabric IoT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $13.5M | Series A | – | Nuveen | – |
1 investors in total: 1 institutional.
Investors in Fabric IoT
Fabric IoT has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Nuveen.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors and fund of funds focused on debt investments | 1898 | nuveen.com | New York, United States |
Investor details for Fabric IoT
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Fabric Iot Private Limited (Fabric IoT)
Fabric Iot Private Limited is the primary company behind Fabric IoT. The board of Fabric Iot Private Limited currently have 4 directors; the longest-serving is Karan Makhija, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Karan Makhija DIN 06747682 | Director | 22 Feb 2022 | 4 yrs 8 mo | Fabric Iot Private Limited |
| Shunmuga Krishnan Senthil Arumugam DIN 08691888 | Director | 22 Feb 2022 | 4 yrs 8 mo | Fabric Iot Private Limited |
| Stephen Dongwon Lee DIN 08640160 | Nominee Director | 01 Jan 2025 | 1 yr 9 mo | Fabric Iot Private Limited |
| Ted Tenjen Maa DIN 11045410 | Nominee Director | 05 May 2025 | 1 yr 5 mo | Fabric Iot Private Limited |
People of Fabric IoT
3 people are tracked at Fabric IoT (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & VP Engineering | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Fabric IoT
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Fabric IoT
Figures of Fabric Iot Private Limited, the primary company behind Fabric IoT, for FY 2024. Revenue was ₹36.54 Cr (+72% year on year). Net profit was ₹42.3 Lakh (1% margin). EBITDA was ₹5.47 Cr (15% margin).
- ₹36.54 CrRevenue · FY 2024 · +72% YoY
- ₹42.3 LakhNet profit · 1% margin
- ₹5.47 CrEBITDA · 15% margin
- ₹1.6 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Fabric Iot Private Limited are on its company page.
Detailed financial statements for Fabric IoT
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Fabric IoT
Fabric IoT has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Intellicar.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud and IoT-based connected mobility solutions | intellicar.in | Bengaluru, India | 2015 | May 2022 | $5.81M |
Complete acquisition details for Fabric IoT
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Fabric IoT
3 dated milestones of Fabric IoT across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Fabric IoT is founded.
- Acquisition Acquires Intellicar.
- Funding First funding round of $13.5M.
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Frequently Asked Questions about Fabric IoT
Fabric IoT was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Fabric IoT is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Karan Makhija is the CEO of Fabric IoT, as recorded in our data. They have also founded this company.
Fabric IoT is a funded company, having raised a total of $13.5M across 1 funding round to date. The company's 1st funding round was a Series A of $13.5M, raised on Apr 2025.
Fabric IoT has 1 employees.
The primary company behind Fabric IoT, Fabric Iot Private Limited, reported revenue of ₹36.54 Cr for FY 2024, up 72% year on year.
Provider of data and energy infrastructure for electric vehicle charging. This infrastructure supports the operational intelligence of EV companies and facilitates widespread EV adoption by creating charging networks accessible to homes, offices, and commercial spaces. The company offers solutions enabling quick IoT integration for EV businesses and develops energy networks to ensure convenient charging access. Its offerings address both data management and energy provision aspects of a smart transportation system.
Fabric IoT offers Intellicar and Buzz Energy.
Fabric IoT has made 1 acquisition, including Intellicar.
Fabric IoT has 1 investor. Key investors include Nuveen.
Fabric IoT operates through Fabric Iot Private Limited.
The legal entities of Fabric IoT currently have 4 directors, including Karan Makhija, Stephen Dongwon Lee, Shunmuga Krishnan Senthil Arumugam and others.