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§ Private Profile · Woburn, MA, USA
Develops lightweight electric vehicles for sustainable transport, serving commercial fleet operators focused on last-mile delivery.
Indigo Technologies, based in Woburn, Massachusetts, develops lightweight electric vehicles for sustainable transport of people, parcels, and food. The company innovates with in-wheel motors and integrated electric suspension, originating from MIT mobility labs, to create a new class of commercial fleet vehicles, particularly addressing last-mile delivery challenges for commercial fleet operators and retailers. As of 2021, Indigo Technologies has raised over $110 million in total capital through venture investments. Its leadership includes founder Ian Hunter, CEO Will Graylin, and board members such as Mark Norman of FM Capital, Peter Hazlehurst (Synctera CEO), and Jason Luo (ex-Ford China). The company originated from MIT mobility labs with founder Ian Hunter. Its business model centers on private company funded through venture capital investments.
Indigo Technologies has raised $54.0M across 1 funding round.
Indigo Technologies has raised $54.0M in total across 1 funding round.
Indigo Technologies has raised $54.0M in total across 1 funding round.
Indigo Technologies's investors include FedEx, FM Capital, Foxconn.
Indigo Technologies has raised $54.0M across 1 funding round. Most recently, it raised $54.0M Series B in April 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 29, 2025 | $54M Series B | — | FedEx, FM Capital, Foxconn | Announced |