Bacancy Systems Secures ₹40 Crore Series A Funding
New Delhi, March 30 – Bacancy Systems, a Gujarat-based startup specializing in embedded electronics and power systems, has secured ₹40 crore in a Series A funding round. The investment was led by private equity investment firm Sabre Partners and growth equity fund Greenstone Capital.Both investors have acquired minority stakes in the company through primary investments, as announced in a company statement.
The fresh capital will be strategically deployed to scale up manufacturing capabilities, accelerate product development, deepen research and development (R&D) efforts, and facilitate expansion into international markets.
Founded in 2021, Bacancy Systems focuses on hardware, firmware, and cloud technologies. The company primarily caters to original equipment manufacturers (OEMs) and charging infrastructure players within the Electric Vehicle (EV) sector, with a particular emphasis on DC charger controllers.
Bacancy Systems is also strategically expanding its operations into the railway electronics segment.
| Funding Details | Amount (₹ Crore) |
|---|---|
| Series A Funding | 40 |
| Lead Investor | Sabre Partners |
| Co-Investor | Greenstone Capital |
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