About Indigrid Technology
Indigrid Technology is a Transportation, Automotive & Logistics company based in Gurugram (India) founded in 2017 by Rishab Puri and Sameer Narang. Electric vehicle powertrain products and ESDM services are provided. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Indigrid Technology has raised $13.4 million across 5 funding rounds from investors including Cactus Venture Partners, Swasti Bhowmick and Valour Capital. The company has 84 employees. Indigrid Technology was last valued at $44.41 million in May 2024. Its Indian entity Indigrid Technology Private Limited reported revenue of ₹110 Cr. Indigrid Technology offers products and services including EV Solutions and ESDM Solutions. Its focus areas include Energy Tech, Electric Vehicles, Components and Batteries.
Company details
Indigrid Technology was founded in 2017 and is based in Gurugram, India. Operations center on the electric vehicle sector, where powertrain products, advanced battery packs, and charging infrastructure are developed. Electronic design and manufacturing services (ESDM) are also delivered to support the electric mobility ecosystem. Solutions are tailored for efficiency and sustainability in this field.
- Headquarters Gurugram, India
- Employees 84
- Founders Rishab Puri, Sameer Narang
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website indigridtechnology.com
- Social LinkedIn
- Legal Name Indigrid Technology Private Limited
- Date of Incorporation 08 Jun, 2016
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹110 Cr
FY 2025 · +62% YoY
- Net Loss-₹75.1 Lakh
FY 2025 · -1% margin
- EBITDA₹5.69 Cr
FY 2025 · 5% margin
- Total Equity Funding$13.4M (USD)
in 5 rounds
- Latest Funding Round$5.56M (USD), Series A
Jan 2026
- InvestorsCactus Venture Partners
& 6 more
- Employee Count84
Associated legal entities of Indigrid Technology
Indigrid Technology operates through Indigrid Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indigrid Technology Private Limited CIN U31909DL2016PTC301068 | Active | 08 Jun 2016 | New Delhi, Delhi | ₹110 Cr | 84 | 3 | View details |
Products & Services of Indigrid Technology
Indigrid Technology offers a comprehensive portfolio of products and services, including EV Solutions and ESDM Solutions.
Provides battery packs and charging infrastructure for electric vehicles.
Offers electronic system design and custom hardware development services.
Funding Insights of Indigrid Technology
Indigrid Technology has successfully raised a total of $13.4M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $5.56 million completed in January 2026. 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 $13.4M
- Total Rounds 5
- Last Round Series A — $5.56M
- First Round $385,896
(Jun 2022)
- Investors Count 7
All 5 funding rounds of Indigrid Technology 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 |
|---|---|---|---|---|---|
| Jan 2026 | $5.56M | Series A | – | Valour Capital | |
| Mar 2025 | $2.34M | Series A | – | Cactus Venture Partners | – |
| Jun 2024 | $119,715 | Series A | – | – | |
| May 2024 | $5M | Series A | $44.41M | Cactus Venture Partners | – |
| Jun 2022 | $385,896 | Angel Round | $18.14M | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $44.41M | •••••••• |
| Jun 2022 | $18.14M | •••••••• |
Last known valuation $44.41M (May 2024). 7 investors in total: 6 institutional and 1 angel.
Investors in Indigrid Technology
Indigrid Technology has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Cactus Venture Partners, Swasti Bhowmick and Valour Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in early-stage Indian tech companies with established product-market-fit. | 2021 | cactusvp.com | Mumbai, India | |
| valour.capital | ||||
| itigo.in | ||||
| globalsouthcap.com | ||||
| wefoundercircle.com | ||||
SB Swasti Bhowmick | unknown_6a90557357454e3db | |||
| xenontrust.tcc.mode |
Investor details for Indigrid Technology
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Indigrid Technology Private Limited (Indigrid Technology)
Indigrid Technology Private Limited is the primary company behind Indigrid Technology. The board of Indigrid Technology Private Limited currently have 3 directors; the longest-serving is Rishab Puri, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishab Puri DIN 07508847 | Director | 08 Jun 2016 | 10 yrs 4 mo | Indigrid Technology Private Limited |
| Sameer Narang DIN 07508672 | Director | 08 Jun 2016 | 10 yrs 4 mo | Indigrid Technology Private Limited |
| Amit Sharma DIN 08443106 | Director | 17 May 2024 | 2 yrs 5 mo | Indigrid Technology Private Limited |
People of Indigrid Technology
4 people are tracked at Indigrid Technology (4 in leadership); the tracked headcount is 84.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director of Operations | Leadership | |
| Co-Founder & Director, Finance & Sales | Leadership | |
Rajesh Jha | Chief Operating Officer | Leadership |
Harsh Shah | Chief Executive Officer | Leadership |
Complete people profiles for Indigrid Technology
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- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Indigrid Technology
Figures of Indigrid Technology Private Limited, the primary company behind Indigrid Technology, for FY 2025. Revenue was ₹110 Cr (+62% year on year). Net loss was -₹75.1 Lakh (-1% margin). EBITDA was ₹5.69 Cr (5% margin).
- ₹110 CrRevenue · FY 2025 · +62% YoY
- -₹75.1 LakhNet loss · -1% margin
- ₹5.69 CrEBITDA · 5% margin
- ₹2.13 CrPaid-up capital
- 84Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Indigrid Technology Private Limited are on its company page.
Detailed financial statements for Indigrid Technology
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Indigrid Technology
4 dated milestones of Indigrid Technology across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Indigrid Technology is founded.
- Funding First funding round of $386K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $5.6M.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Indigrid Technology (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Frequently Asked Questions about Indigrid Technology
Indigrid Technology was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Indigrid Technology is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Indigrid Technology is a funded company, having raised a total of $13.4M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $385.9K, raised on Jun 2022.
Indigrid Technology has 84 employees.
The primary company behind Indigrid Technology, Indigrid Technology Private Limited, reported revenue of ₹110 Cr for FY 2025, up 62% year on year.
Indigrid Technology was founded in 2017 and is based in Gurugram, India. Operations center on the electric vehicle sector, where powertrain products, advanced battery packs, and charging infrastructure are developed. Electronic design and manufacturing services (ESDM) are also delivered to support the electric mobility ecosystem. Solutions are tailored for efficiency and sustainability in this field.
Indigrid Technology offers EV Solutions and ESDM Solutions.
Indigrid Technology has 7 investors. Key investors include Cactus Venture Partners, Swasti Bhowmick, Valour Capital, Xenon Trust, and ITI Growth Opportunities.
The valuation of Indigrid Technology is $44.41M as of May 2024.
Indigrid Technology operates through Indigrid Technology Private Limited.
The legal entities of Indigrid Technology currently have 3 directors, including Rishab Puri, Sameer Narang, Amit Sharma.