indiGOtech Closes Strategic Funding Round from Industry Giants to Accelerate Sustainable Ride Hail and Delivery for Communities
indiGOtech (GO) has secured a significant $54 million Series BB funding round from industry leaders including FedEx, Foxconn, and FM Capital. The Massachusetts-based mobility tech company is revolutionizing sustainable transport with its patented SmartWheels™ technology.
GO is launching two key vehicles: The DASH, a $20K EV with 90 cubic feet interior and 110-mile range, available Q4 2025; and the FLOW, featuring SmartWheels™ technology with 185 cubic feet space and 200+ mile range. Both vehicles target the ride-hail and delivery markets.
The company's strategy includes establishing GO Loop service hubs for EV maintenance and charging, while its recent acquisition of Clevon adds autonomous driving capabilities. Led by MIT entrepreneurs and CEO Will Graylin, GO has partnered with TD Cowen to secure Series C funding by year-end.
indiGOtech (GO) ha ottenuto un importante finanziamento di 54 milioni di dollari nel round Series BB da leader del settore come FedEx, Foxconn e FM Capital. L'azienda tecnologica del Massachusetts sta rivoluzionando il trasporto sostenibile con la sua tecnologia brevettata SmartWheels™.
GO lancerà due veicoli principali: il DASH, un veicolo elettrico da 20.000 dollari con 90 piedi cubi di spazio interno e un'autonomia di 110 miglia, disponibile nel quarto trimestre 2025; e il FLOW, dotato della tecnologia SmartWheels™ con 185 piedi cubi di spazio e oltre 200 miglia di autonomia. Entrambi i veicoli sono destinati ai mercati del ride-hailing e delle consegne.
La strategia aziendale prevede la creazione di hub di servizio GO Loop per la manutenzione e la ricarica dei veicoli elettrici, mentre l'acquisizione recente di Clevon aggiunge capacità di guida autonoma. Guidata dagli imprenditori del MIT e dal CEO Will Graylin, GO ha collaborato con TD Cowen per assicurarsi un finanziamento Series C entro la fine dell'anno.
indiGOtech (GO) ha asegurado una ronda de financiamiento Series BB de 54 millones de dólares con líderes de la industria como FedEx, Foxconn y FM Capital. La empresa tecnológica de movilidad con sede en Massachusetts está revolucionando el transporte sostenible con su tecnología patentada SmartWheels™.
GO lanzará dos vehículos clave: el DASH, un vehículo eléctrico de 20,000 dólares con 90 pies cúbicos de espacio interior y un alcance de 110 millas, disponible en el cuarto trimestre de 2025; y el FLOW, que incorpora la tecnología SmartWheels™ con 185 pies cúbicos de espacio y más de 200 millas de autonomía. Ambos vehículos están dirigidos a los mercados de transporte por app y entregas.
La estrategia de la compañía incluye establecer centros de servicio GO Loop para mantenimiento y carga de vehículos eléctricos, mientras que la reciente adquisición de Clevon añade capacidades de conducción autónoma. Liderada por emprendedores del MIT y el CEO Will Graylin, GO se ha asociado con TD Cowen para asegurar financiamiento Series C para fin de año.
indiGOtech (GO)가 FedEx, 폭스콘, FM 캐피탈 등 업계 리더들로부터 5,400만 달러 규모의 시리즈 BB 투자 라운드를 확보했습니다. 매사추세츠에 기반을 둔 이 모빌리티 기술 회사는 특허받은 SmartWheels™ 기술로 지속 가능한 교통을 혁신하고 있습니다.
GO는 두 가지 주요 차량을 출시합니다: 2025년 4분기 출시 예정인 20,000달러 전기차 DASH는 90입방피트의 내부 공간과 110마일 주행거리를 자랑하며, FLOW는 SmartWheels™ 기술을 적용해 185입방피트 공간과 200마일 이상의 주행거리를 제공합니다. 두 차량 모두 라이드헤일 및 배달 시장을 겨냥하고 있습니다.
회사의 전략은 EV 유지보수 및 충전을 위한 GO Loop 서비스 허브를 구축하는 것이며, 최근 Clevon 인수로 자율주행 기능을 추가했습니다. MIT 출신 기업가들과 CEO 윌 그레이린이 이끄는 GO는 TD Cowen과 협력해 연말까지 시리즈 C 자금 조달을 확보할 계획입니다.
indiGOtech (GO) a obtenu un financement important de 54 millions de dollars lors de sa levée de fonds Series BB, grâce à des leaders du secteur tels que FedEx, Foxconn et FM Capital. Cette entreprise technologique basée dans le Massachusetts révolutionne le transport durable avec sa technologie brevetée SmartWheels™.
GO lance deux véhicules clés : le DASH, un véhicule électrique à 20 000 $ avec un espace intérieur de 90 pieds cubes et une autonomie de 110 miles, disponible au quatrième trimestre 2025 ; et le FLOW, équipé de la technologie SmartWheels™ offrant 185 pieds cubes d’espace et une autonomie de plus de 200 miles. Les deux véhicules ciblent les marchés du covoiturage et de la livraison.
La stratégie de la société comprend la création de hubs de service GO Loop pour l’entretien et la recharge des véhicules électriques, tandis que l’acquisition récente de Clevon apporte des capacités de conduite autonome. Dirigée par des entrepreneurs du MIT et le PDG Will Graylin, GO s’est associée à TD Cowen pour assurer un financement Series C d’ici la fin de l’année.
indiGOtech (GO) hat eine bedeutende Series-BB-Finanzierungsrunde in Höhe von 54 Millionen US-Dollar von Branchenführern wie FedEx, Foxconn und FM Capital gesichert. Das in Massachusetts ansässige Mobilitätstechnologieunternehmen revolutioniert den nachhaltigen Transport mit seiner patentierten SmartWheels™-Technologie.
GO bringt zwei wichtige Fahrzeuge auf den Markt: den DASH, ein 20.000-Dollar-Elektrofahrzeug mit 90 Kubikfuß Innenraum und einer Reichweite von 110 Meilen, verfügbar im vierten Quartal 2025; und den FLOW, der mit der SmartWheels™-Technologie ausgestattet ist und 185 Kubikfuß Platz sowie eine Reichweite von über 200 Meilen bietet. Beide Fahrzeuge richten sich an den Ride-Hail- und Liefermarkt.
Die Strategie des Unternehmens umfasst die Einrichtung von GO Loop Service-Hubs für die Wartung und das Laden von Elektrofahrzeugen, während die kürzliche Übernahme von Clevon autonome Fahrfunktionen hinzufügt. Unter der Leitung von MIT-Unternehmern und CEO Will Graylin hat GO eine Partnerschaft mit TD Cowen geschlossen, um bis Jahresende eine Series-C-Finanzierung zu sichern.
- Secured $54M Series BB funding from major strategic investors FedEx and Foxconn
- Ready to launch DASH EV in Q4 2025 with competitive $20K price point after tax credits
- Acquired Clevon for autonomous driving capabilities and teleoperations
- Signed with TD Cowen as investment banker for upcoming Series C round
- Holds patents for SmartWheels technology and Smart EVs
- CEO has track record of scaling 4 previous tech ventures including Samsung Pay
- Products not yet in market - revenue generation yet to begin
- Will require additional funding through Series C to bring FLOW model to market
- Dependent on successful pre-orders for Q4 2025 DASH launch
- Faces competition from established Mobility Network Companies
Insights
FedEx's investment in indiGOtech represents strategic positioning in sustainable delivery technology with neutral short-term financial impact.
FedEx's strategic investment in indiGOtech's
The DASH vehicle (offering 90 cubic feet of interior space with 110-mile range at
indiGOtech's acquisition of Clevon for unmanned delivery capabilities provides a technology framework that could eventually support autonomous delivery operations. For FedEx, this represents a capital-efficient approach to technology innovation – gaining visibility and potential influence over emerging mobility solutions without the full cost of internal development.
With vehicle fulfillment starting Q4 2025, this investment represents longer-term strategic positioning rather than an immediate operational enhancement. The relationship positions FedEx with early access to technology that could address key industry challenges around electrification costs, charging infrastructure, and maintenance complexities.
FedEx's participation in indiGOtech's funding provides strategic exposure to delivery innovation without material financial impact.
FedEx's participation in this
The investment offers three primary advantages: First, it provides FedEx visibility into emerging technology specifically designed for delivery applications. Second, it potentially secures preferential access to these solutions if they prove commercially viable. Third, it represents a capital-efficient approach to innovation exposure without committing to full internal development costs.
indiGOtech's focus on purpose-built delivery vehicles addresses specific pain points in the industry – particularly the economic barriers to EV adoption by offering vehicles at lower price points (
For FedEx investors, this represents typical corporate venture activity – a modest financial commitment securing optionality on emerging technology with limited downside risk. With vehicle deployments not beginning until Q4 2025, this investment will have no material impact on near-term financial performance, but demonstrates appropriate strategic foresight in preparing for evolving delivery technology.
"GO is run by MIT entrepreneurs with patented deep tech applied to the growing needs of drivers and fleets." Will Graylin, CEO, said. Will Graylin, who led four previous tech ventures to reach mass commercial scale, including Samsung Pay. "Our SmartWheels powered EVs, and AVs offer superior user experiences and unit economics for ride hail and delivery companies and drivers to better serve their communities."
GO is offering multiple light smart EVs for fleets and mobility companies. The DASH can seat four and carry packages with a spacious 90 cubic feet interior, 110 miles of range and is priced around
The FLOW is
This round of strategic funding from FedEx and Foxconn positions GO very well to start GO Loop services, launch the DASH, and secure a Series C by year end to bring the FLOW to market. GO has also signed with TD Cowen as its investment banker to raise its Series C from large strategic and institutional investors. GO's talented team across
About indiGOtech
indiGOtech (Tradename: GO) is a new mobility tech company providing next gen EVs and transport services for sustainable local ride hail and deliveries, with superior user experience and unit economics. GO's patented SmartWheels™ power Smart EVs and AVs called FLOW, that are roomier, smoother and safer, yet more efficient and economical. GO Loop provides local electric transport services (LETS) with Smart EVs and Service Hubs and Smart Driver Management to supply mobility companies with more cost-effective rides and deliveries. Join us in the mission to provide more sustainable transportation for our communities — LETS GO! www.indiGOtech.com
Disclaimer : This press release contains forward-looking statements based on current expectations, estimates, forecasts, and projections about the industry in which the company operates and management's beliefs and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ.
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SOURCE Indigo Technologies
FAQ
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