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Fabric has raised $13.5 million in a Series A funding round led by Nuveen to enhance its technology development in the EV sector.

Apr 23, 2025•3 months ago

Amount Raised

$13.5 Million

Round Type

series a

BengaluruSoftware

Investors

Nuveen

Description

Fabric, a company specializing in EV technology, along with its unit Intellicar, has secured $13.5 million in Series A funding. The investment, led by Nuveen, will support the development of next-generation technology. Founded in 2022 in Bengaluru, the company aims to strengthen its presence in the mobility ecosystem. The funds will help empower millions to adopt sustainable transportation solutions.

Company Information

Company

Fabric

Location

Bengaluru, Karnataka, India

About

Fabric is building the EV future by a SAAS platform-- setting up an IoT network infrastructure, platform and deploying various IoT solutions in smart cities, smart home spaces, and among others providing services and future mobility solutions.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech