13th March 2024: Venture Catalysts, India’s first integrated incubator and largest early-stage investment business, has invested in Pune-based precision-engineered motor and controller solutions startup Attron Automotive. Anicut Capital and Venture Catalysts led Attron’s Seed fundraising round, which raised Rs 4.75 crore. Pontaq VC and Angel investor Yashovardhan Shah invested in the seed round. The startup specializes in precision-engineered technology for efficiency and vehicle performance. Attron believes it is leading the electric transportation paradigm shift with customizable and future-ready solutions.
Venture Catalysts Director & MD Dr. Apoorva Ranjan Sharma said, “The investment in Attron Automotive underscores our commitment to fostering innovation and driving technological advancements in electric mobility. Attron pioneered motor and controller systems that set new benchmarks in automotive technology for precision engineering, efficiency, and reliability. Motors with proprietary topology are believed to function well in many situations due to their efficiency and low torque ripple.
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Attron Automotive CEO Mosam Ugemuge remarked, “Our recent fundraising success will propel Attron Automotive forward. These funds will let us launch our cutting-edge motor and controller solutions with unmatched quality and creativity. The money also allowed us to build a small-batch production plant that could produce 100 devices per month to meet our initial demand. We are building a new production facility with a capacity of 8,000 units per month to accommodate the increased demand for our motor and controller solutions, especially in the two-wheeler and three-wheeler segments, both passenger and load carrier.”
