Indigrid Technology raises $4M to expand production and offerings

Indigrid Technology, an electronics systems design and manufacturing startup, raised $4M from Cactus Partners to expand production in Goa and Manesar. Founded in 2015, it manufactures battery packs and motor controllers and recently diversified into consumer electronics, serving clients like Hella and Revolt. With FY25 revenue at INR 108.5 Cr, Indigrid targets INR 350–380 Cr in FY26 as India’s EV market heads toward $132B by 2030.