# Indigo Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indigo-technologies

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Woburn, US
- Website: www.indigotech.com/
- Total disclosed funding: $54M
- Latest round: Series B (Apr 29, 2025)
- Investors on record: 3

## About

Indigo Technologies, Inc. specializes in advanced SmartWheels™ technology for electric vehicles, enhancing the efficiency and design of smart transport solutions tailored for delivery and ride-hail services. Indigo Technologies, Inc. was founded in 2010 in Woburn, US, focusing on innovative electric vehicle technology. In October 2025, Indigo Technologies, Inc. raised an undisclosed amount of venture funding from new investor Passkey Invest. The company has a history of providing specialized products for fleet operators and has engaged in a continuous pursuit of enhancing electric vehicle capabilities. IndiGO Tech specializes in the development of SmartWheels™ technology, which integrates propulsion and active suspension directly into the wheels of electric vehicles (EVs). This innovation results in lighter, roomier, and more efficient smart electric vehicles designed specifically for last-mile delivery and ride-hail services. The company's core offerings focus on providing fleet operators with purpose-built EVs that enhance operational efficiency by delivering significant cost savings, increased cargo space, and improved user experiences. Customers include businesses managing delivery fleets and rideshare services, aiming to reduce operating costs and improve service quality. IndiGO Tech's products are actively marketed in various geographical regions, including urban centers across North America, Europe, and Asia, catering to the growing demand for sustainable transport solutions.The revenue structure of IndiGO Tech is primarily derived from the sale and leasing of its SmartWheels™ equipped electric vehicles to businesses in the delivery and rideshare sectors. These transactions occur through direct sales and leasing agreements with fleet operators, enabling them to utilize the vehicles for their operational needs. Payment models include upfront purchase options and subscription-based services for vehicle usage, which may provide flexibility for clients. Given the unique features of IndiGO's products, such as enhanced cargo capacity and ergonomic design for improved comfort, clients are likely to prioritize these vehicles in their fleet management strategies. Specific pricing plans for the vehicles are tailored to the needs of the client, reflecting the customized nature of the service offered. Indigo Technologies, Inc. plans to utilize the USD 54.00 illion raised in Series B funding to accelerate its mission to provide sustainable local transport through the ongoing development of SmartWheels™ and Smart Electric Vehicles. Upcoming product designs are focused on enhancing the efficiency of last-mile delivery vehicles, with a targeted launch by early 2026. The company is also looking to expand its market presence into additional urban centers across North America and Europe by the end of 2026, increasing accessibility to their innovative transport solutions.

## Funding rounds

- Series B, Apr 29, 2025, $54M — FM Capital, Foxconn Technology Group, FedEx

## Investors

- FM Capital (https://capitalatlas.ai/funds/fm-capital) — Series B
- Foxconn Technology Group — Series B
- FedEx — Series B