Led by Anicut Capital, Attron Automotive raises Rs. 4.75 Crores. 

Attron Automotive, contributors of innovative motor and controller solutions for electric vehicles conducted a fund raiser and collected Rs 4.75 crore in its maiden round led by Anicut Capital. Pontaq VC, Venture Catalyst and Yashovardhan Shah also participated in the fund raiser.

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, Attron Automotive’s proprietary technology conveys motor efficiency and pre-integrated solutions for various applications, including automotive, defence, aviation, and agriculture. As per Attron Automotive, it has already completed field testing of its system with multiple OEMs and is now ready for mass production following the setup of its assembly line.

The company is already planning to target original equipment manufacturers (OEMs) seeking to transition from Chinese powertrain components to domestically manufactured solutions. Attron Automotive also 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.