Venture Catalysts, Anicut Capital infuse Rs 47.5 million in Attron Automotive

Venture Catalysts, a leading early-stage investment firm, has disclosed its strategic investment in Attron Automotive, a pioneer in precision-engineered motor and controller solutions catalysing the evolution of electric mobility. According to sources, Attron Automotive has secured Rs 47.5 million in its Seed funding round, with Anicut Capital leading the investment and Venture Catalysts co-leading. Pontaq VC and Yashovardhan Shah, an angel investor, have also participated in the seed round. In a media release, the company intended to utilise the funds to advance its mission of revolutionising electric mobility through innovative technology. Amidst a surge in the electric vehicle (EV) market, there is a growing global demand for motor and controller solutions. The EV motor controller market, valued at $7,730.9 million in 2021, is forecasted to reach $26,879.75 million by 2031. Similarly, the EV motor market is anticipated to grow from $8.5 billion in 2022 to $56.95 billion by 2032, signifying the escalating demand for electric vehicles and the pivotal role of motors and controllers in propelling market expansion. Attron Automotive specialises in delivering precision-engineered technology to optimise efficiency, enhance vehicle performance, and foster a sustainable future. With adaptable and future-ready solutions, Attron stands at the forefront of steering the shift towards electric mobility, providing superior performance and environmental consciousness in every journey. Anicut Capital led Attron's Seed funding round, with Venture Catalysts, Pontaq, and Yashovardhan Shah as co-investors. Apoorva Ranjan Sharma, Director and MD of Venture Catalysts, reportedly expressed enthusiasm about the investment in Attron Automotive, highlighting their dedication to nurturing innovation and driving technological progress in the electric mobility landscape. He emphasised Attron's groundbreaking motor and controller solutions, which exemplify precision engineering, efficiency, and reliability, setting new benchmarks in the automotive technology sector. He further expressed excitement about partnering with Attron to redefine electric mobility and shape the future of transportation.