indiGO Tech, a new US-based electric and autonomous vehicle company, has closed a $54-million Series BB funding round, including investments from FedEx, Foxconn and FM Capital, to expand its electric and autonomous vehicle offerings.
GO plans to offer multiple light smart EVs for commercial fleets and ride-hailing services, including its Dash and Flow models.
The four-seater Dash has a spacious 90 cubic feet interior and an estimated 110 miles of range. Priced around $20,000 after tax credits, the vehicle is ready for pre-orders due to be fulfilled during the fourth quarter.
The Flow has 185 cubic feet of space, over 200 miles of range and a low flat floor for easy seat changes and access for people, packages and wheelchairs. It uses GO SmartWheels, an integrated smart suspension and propulsion system in each wheel. The Flow is 100% drive-by-wire capable. Its center drive cockpit is ergonomically-designed for easy switching between human drivers and autonomous driving systems.
GO recently acquired Clevon, an unmanned delivery vehicle provider with teleoperations and ADS capabilities, to accelerate the development of the SmartWheels platform.
GO EVs will be supported by GO Loop service hubs that will maintain, charge and repair the EVs for drivers to access.
The funding round positions the company to start GO Loop services, launch the Dash and secure a Series C by the end of the year to bring the Flow to market.
“GO is run by MIT entrepreneurs with patented deep tech applied to the growing needs of drivers and fleets,” said CEO Will Graylin. “Our SmartWheels-powered EVs and AVs offer superior user experiences and unit economics for ride hail and delivery companies and drivers to better serve their communities.”
Source: indiGO Tech
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