PE-VC Fund Investments
Electronics maker Bacancy Systems raises Rs.40-Cr led by Sabre Partners and Greenstone Capital
Gujarat-based Bacancy Systems has raised INR 40 crore in a Series A funding round led by Sabre Partners and Greenstone Capital. Steer Advisors acted as the sole transaction advisor for the deal.Founded in 2021 by Binal Patel, Krunal Patel (COO), and Hardik Sheth (CTO), Bacancy Systems is an embedded electronics and power systems company focusing on hardware, firmware, and cloud technologies. Bacancy Systems' product portfolio includes solutions for electric vehicle original equipment manufacturers and charging infrastructure companies, such as DC charger controllers and related systems.The fresh funding will be used by the company to expand its manufacturing capacity, support product development, strengthen research and development, and facilitate its expansion into international markets.
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