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indiGOtech secures $54 million in Series BB funding from FedEx and Foxconn to advance its SmartWheels-powered EVs and local mobility services. The company unveils two new electric vehicle models, Dash and Flow, designed for ride-hail and delivery applications with a focus on efficiency and accessibility. Strategic moves, including the acquisition of Clevon and partnerships with regional ADS providers, position indiGOtech to expand sustainable transport solutions across global markets.
$54M Fuels indiGOtech’s Push for Smarter, Greener Transport
indiGOtech, operating under the tradename GO, has closed a $54 million Series BB funding round. The funding comes from strategic investors including FedEx and Foxconn. This capital supports indiGOtech’s plans to accelerate the deployment of its SmartWheels-powered electric vehicles and its local electric transport services (LETS), which are designed to serve ride-hail and delivery sectors with improved efficiency.
This funding round positions indiGOtech to begin launching its GO Loop services, introduce new electric vehicle models, and secure a Series C round by the end of the year. The company has engaged TD Cowen to lead its Series C capital raise, targeting large strategic and institutional investors.
How SmartWheels Technology Sets indiGOtech Apart
GO’s SmartWheels™ is a patented technology that integrates suspension and propulsion directly into each wheel. This platform enables what the company describes as a “magic carpet” ride experience, with advanced stability and smoother motion.
Each SmartWheel supports drive-by-wire control, eliminating traditional mechanical linkages and allowing seamless transitions between human-driven and autonomous operation. This configuration supports both electric vehicles (EVs) and autonomous vehicles (AVs), offering modular adaptability for a wide range of transport applications.
The SmartWheels system is also being developed for integration with external autonomous driving system (ADS) providers, expanding its compatibility across markets and use cases.
Meet Dash and Flow: indiGOtech’s Next-Gen EV Fleet
indiGOtech is preparing two primary vehicle models for rollout: the Dash and the Flow.
- Dash
- Seats four passengers
- Offers 90 cubic feet of interior cargo space
- Delivers 110 miles of range
- Estimated cost: around $20,000 after tax incentives
- Available for pre-order with fulfillment expected in Q4 2025
- Flow
- Designed for both human and autonomous use
- Features 185 cubic feet of interior space
- Supports over 200 miles of range
- Flat-floor design facilitates wheelchair access and flexible seating
- Center drive cockpit optimizes driver ergonomics
Both models are intended to provide better unit economics for fleet operators and local service providers.
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Strategic Moves That Shape indiGOtech’s Future
indiGOtech’s acquisition of unmanned delivery vehicle provider Clevon enhances its capabilities in remote operation and ADS integration. Clevon’s existing systems enable GO to fast-track the SmartWheels platform’s compatibility with regional autonomous systems.
The company’s GO Loop service integrates Smart EVs with Service Hubs and Smart Driver Management, offering mobility providers improved service coordination and cost reduction. This platform is intended to support efficient and sustainable ride-hail and delivery operations in community environments.
Why Global Backing Signals Confidence in indiGOtech’s Vision
FedEx and Foxconn, both globally recognized industry leaders, bring strategic value beyond capital. Foxconn contributes advanced manufacturing capabilities, while FedEx has operational insight into delivery logistics and last-mile mobility.
This investment underlines industry recognition of GO’s SmartWheels architecture and product roadmap. The partnership framework indicates a focus on scalable deployment, vehicle accessibility, and fleet management optimization.
What Comes Next for indiGOtech’s EV Expansion
The Dash model is scheduled for fulfillment in the fourth quarter of 2025. In parallel, indiGOtech is preparing for a Series C funding round, with support from TD Cowen as its investment banking partner.
The company’s team is distributed across the U.S., Europe, and Asia, supporting cross-functional collaboration in engineering, development, and operational planning. The Series C round aims to bring the Flow model into full-scale production and expand LETS-based services to additional regions.
Scaling for Communities, Not Just Corporations
indiGOtech states its mission is to provide sustainable mobility services designed for community needs. By combining local electric transport services, intelligent driver management, and modular vehicle platforms, the company targets lower operational costs and improved service accessibility.
Unlike many fleet-focused EV startups, indiGOtech emphasizes neighborhood-scale deployment and flexible service delivery. Its approach integrates vehicle technology, service infrastructure, and strategic capital, aligning its business model with evolving demands in urban mobility and logistics.
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