Embedded systems startup Bacancy Systems has raised Rs 40 crore in a Series A funding round led by Sabre Partners and Greenstone Capital, with both investors acquiring minority stakes through primary investments. The fresh capital will be used to expand manufacturing capacity, accelerate product development, and strengthen research and development.
Building IP-led solutions for EV and railway sectors
Founded in 2021 by Binal Patel, along with Krunal Patel and Hardik Sheth, Bacancy focuses on embedded electronics and power systems for electric vehicles and railway applications. The company builds IP-led products across hardware, firmware, and cloud technologies, targeting critical infrastructure segments.
Expanding presence in EV charging and OEM ecosystem
Bacancy develops solutions for EV OEMs and charging infrastructure players, including DC charger controllers and related systems. The startup is positioning itself within the fast-growing EV ecosystem by enabling efficient and scalable charging infrastructure.
Entering railway electronics and control systems
The company is also expanding into railway technology with offerings such as train control and management systems, traction and auxiliary converter controls, and remote monitoring platforms. This diversification aligns with increasing investments in railway modernisation.
Scaling manufacturing and global market expansion
With the new funding, Bacancy plans to scale its manufacturing infrastructure, deepen its R&D capabilities, and expand into international markets. The company is targeting growth across EV infrastructure and railway sectors as demand for advanced electronics systems rises.
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