US-based electric and autonomous vehicle company indiGO Tech raised $54 million in Series BB funding round with investments from FedEx, Foxconn, and FM Capital.
indiGO plans to offer multiple light smart EVs for commercial fleets and ride-hailing services, including Dash and Flow models.
Dash, priced at around $20,000 after tax credits, offers 90 cubic feet interior, 110 miles of range, and is available for pre-orders. Flow has 185 cubic feet space, over 200 miles range, and features the SmartWheels system.
GO acquired Clevon, an unmanned delivery vehicle provider, to enhance the development of the SmartWheels platform. The company aims to start GO Loop services and launch the vehicles by securing a Series C funding by the end of the year.