In its first funding round, led by Anicut Capital, Attron Automotive, a provider of cutting-edge motor and controller solutions for electric vehicles, secured Rs 4.75 crore. Yashovardhan Shah, Venture Catalyst, and Pontaq VC all contributed to the round.
The company intends to use the funds to support its main growth initiatives, such as the installation of an assembly line, the creation of a facility for prototyping, the growth of its team, and research and development.
Attron Automotive, founded by Mosam Ugemuge, offers pre-integrated solutions and motor efficiency for a range of industries, including the automotive, defense, aviation, and agricultural sectors. Attron Automotive claims that it has already finished field testing its system with several OEMs and is prepared for mass production after setting up its assembly line.
Targeting original equipment manufacturers (OEMs) looking to switch from Chinese powertrain components to domestically produced solutions is the company’s strategy. In order to provide comprehensive EV solutions for retrofitting and new product development, Attron Automotive also aims to work with other EV component OEMs, such as the battery, BMS, DC-DC converter, and VCU manufacturers.
