Anicut Capital Fuels BlueBinaries with ₹60 Crore Investment

Anicut Capital has invested ₹60 crore in BlueBinaries Engineering and Solutions Pvt Ltd, a Chennai-based start-up renowned for its engineering research and development (ER&D) services in the mobility sector. Established in 2017, BlueBinaries has carved a niche in ER&D, providing advanced solutions across various mobility domains and catering to clients in Europe, the UK, the US, and Asia Pacific.

BlueBinaries specializes in accelerating the development of software-defined vehicles (SDVs) through expertise in electrical/electronics architecture design and cutting-edge digital technologies, including cloud computing, AI/ML, cybersecurity, and IoT solutions.

Dhruv Kapoor, Partner at Anicut Capital, noted the substantial growth potential within the automotive electronics and software market, which is anticipated to surpass $80 billion by 2030. He expressed confidence in BlueBinaries' capability to lead in this space, given its robust industry knowledge and engineering expertise.

Kishore LM, Co-founder, President & COO of BlueBinaries, hailed the investment as a significant milestone for the company. He stated that the funds will enable BlueBinaries to expand its customer base among OEMs and Tier-1 suppliers and enhance its SDV and digital capabilities.

With this new capital, BlueBinaries plans to advance its strategic goals by developing sustainable, safe, connected, and intelligent automotive technologies, further reinforcing its digital-first approach.

News by Rahul Yelligetti