EV solutions provider Fabric raises $13.5 M from Nuveen

Fabric, a Mumbai-based data solutions firm specialising in electric vehicles and its subsidiary Intellicar , have raised USD 13.5 million in Series A from global asset manager Nuveen. The funds will be used to scale the company’s EV IoT (Internet of Things) and data solutions.Founded in 2022, Fabric. through its subsidiary Intellicar, offers services to adopt IoT and data technologies across the entire EV value chain.