Bacancy Systems Ahmedabad Startup: Bacancy Systems, a startup, has announced the details related to the recent fundraising.

Bacancy Systems said that it has raised Rs 40 crore in a Series A funding round.

The startup said that the funding round was led by private equity investment firm Sabre Partners and growth equity fund Greenstone Capital.

Bacancy Systems is a startup based in Ahmedabad, Gujarat. Bacancy Systems deals in hardware, firmware, and cloud technologies.

Bacancy Systems Ahmedabad

Bacancy Systems said that both investors have acquired minority stakes in the company through primary investments.

Bacancy Systems said that the funds raised via Series A will be used to scale up manufacturing capabilities. Besides, a portion of the raised funds will be used to accelerate product development, deepen research and development (R&D.

Bacancy Systems said that it also has plans to expand operations into international markets.

Bacancy Systems Ahmedabad: About The Startup

Bacancy Systems was founded in 2021.

Bacancy Systems mainly caters to Electric Vehicle (EV) original equipment manufacturers (OEMs) and charging infrastructure players, with a strong focus on DC charger controllers.

Alongside its EV portfolio, Bacancy Systems is also expanding into the railway electronics segment.