# Fabric IoT Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fabric-iot-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.fabriciot.com
- Total disclosed funding: $14M
- Latest round: Series A (Apr 23, 2025)
- Investors on record: 1

## About

Fabric IoT Pvt. Ltd., based in India, specializes in innovative data and energy management solutions, particularly for the electric vehicle (EV) infrastructure, enhancing operational intelligence and charging network accessibility.Founded in 2022 in Bangalore, India, Fabric IoT Pvt. Ltd. develops advanced solutions for the electric vehicle market. The company has secured USD 13.5 mn in Series A funding led by Nuveen, with the total amount raised also standing at USD 13.5 mn. The CEO, Karan Makhija, co-founded the company alongside Shunmuga Arumugam. As of April 23, 2025, the company has completed one deal.Fabric IoT specializes in developing advanced data and energy management solutions aimed at revolutionizing the electric vehicle (EV) infrastructure. The core offerings include Intellicar, which provides IoT solutions for enhancing operational intelligence in the EV sector, and Buzz Energy, which focuses on establishing a charging network for EVs. Fabric IoT serves over 100 leading companies in India, particularly within the automotive and energy sectors, and is expanding its geographical market to include other emerging markets.Fabric IoT generates revenue primarily through B2B partnerships and subscription models for its products and services. Clients access proprietary solutions like Intellicar and Buzz Energy, involving long-term contracts or license purchases tailored to their needs. For instance, clients using Intellicar may enter multi-year agreements for ongoing support, while those investing in Buzz Energy can opt for bundled services that accommodate multiple charging locations.In April 2025, Fabric IoT Pvt. Ltd. raised USD 13.5 mn in Series A funding, which will be utilized to expand its data-driven solutions for the electric vehicle market and enhance its vehicle and energy management systems. The company plans to introduce new product offerings designed to meet the evolving needs of the EV sector and aims to expand into additional emerging markets by the end of 2025.

## Funding rounds

- Series A, Apr 23, 2025, $14M — Nuveen

## Investors

- Nuveen (https://capitalatlas.ai/funds/nuveen) — Series A