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, By INC42
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SUMMARY
Intellicar Telematics’ parent entity Fabric IoT has raised $13.5 Mn (about INR 115 Cr) in its Series A funding round from American asset manager Nuveen
This marks the first fundraise for Fabric IoT, which was set up by Intellicar founders in 2022
Realising the large market opportunity that the ongoing EV disruption would provide, the cofounders of Intellicar reacquired Intellicar from TVS for INR 45 Cr, three times of the INR 15 Cr sell off in 2020
Deeptech startup Intellicar Telematics’ parent entity Fabric IoT…
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, By INC42
EnterpriseTech
SUMMARY
Intellicar Telematics’ parent entity Fabric IoT has raised $13.5 Mn (about INR 115 Cr) in its Series A funding round from American asset manager Nuveen
This marks the first fundraise for Fabric IoT, which was set up by Intellicar founders in 2022
Realising the large market opportunity that the ongoing EV disruption would provide, the cofounders of Intellicar reacquired Intellicar from TVS for INR 45 Cr, three times of the INR 15 Cr sell off in 2020
Deeptech startup Intellicar Telematics’ parent entity Fabric IoT…
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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Previous News
Infosys Foundation unveils Aarohan Awards 2025; offers up to Rs 2 crore for tech-driven social impact innovations
Next News
Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally
INC42
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