What does indiGOtech do?
indiGOtech is a new mobility technology company based in Woburn, MA, developing innovative SmartWheels powered electric vehicles (EVs) and autonomous vehicles (AVs). The company offers the DASH, a compact EV designed for both package delivery and flexible driver income, as well as the FLOW, an advanced model featuring drive-by-wire capabilities and a versatile design suited for both human-driven and autonomous operations.
How much did they raise?
The company closed a $54M funding round with key backers including FedEx, Foxconn, and FM Capital. The round was led by its CEO, Will Graylin, and is aimed at supporting the launch of GO Loop service hubs and the pre-order phase for the DASH model.
What are their plans for the money?
With the new funding, indiGOtech plans to roll out GO Loop service hubs that will maintain, charge, and repair its fleet of EVs, and also secure a Series C round by year end to bring the FLOW model to the market. This initiative is expected to enhance mobility services, improve vehicle accessibility, and support drivers in earning a fair income with flexible hours.
What have they achieved so far?
indiGOtech has already made significant progress by initiating pre-orders for its DASH model, slated for fulfillment in Q4 of 2025. Additionally, the acquisition of Clevon has bolstered its SmartWheels platform, integrating advanced teleoperations and autonomous driving capabilities to accelerate product development.
