indiGOtech raised $54M in a Series BB funding round, led by FedEx and Foxconn. The funding will support the launch of new SmartWheels™ powered EVs and GO Loop service hubs.
indiGOtech raised $54M in a Series BB funding round, led by FedEx and Foxconn. The funding will support the launch of new SmartWheels™ powered EVs and GO Loop service hubs.
04/29/25, 6:07 PM
Location
woburnMoney raised
$54 million
Industry
information technology
Round Type
series b
Investors
Fm Capital, Foxconn, Fed Ex
indiGOtech, a mobility tech company based in Woburn, MA, closed a $54M Series BB funding round. Backers included FedEx, Foxconn, and FM Capital. The funding will allow GO to start the GO Loop services and launch their DASH vehicle. The company aims to secure a Series C by year-end to bring the FLOW to market.
Company Info
Location
73 holton st.
woburn, massachusetts, united states
Additional Info
indiGO Technologies is an automotive OEM creating a new class of lightweight and affordable smart electric vehicles that are purpose-built for last-mile delivery and ride-hail services.
With our patented SmartWheels™ technology, we’re transforming vehicle architecture by integrating propulsion and suspension directly into the wheels. This breakthrough delivers smoother rides, improved energy efficiency, and more cargo space—while reducing operational costs.