indiGOtech closes $54 Million funding to Boost Sustainable Ride-Hail and Delivery

Woburn, MA-based indiGOtech (GO), a trailblazer in next-gen mobility technologies, has successfully closed a hefty $54 million in Series B funding. This round saw backing from heavy hitters like FedEx (NYSE: FDX), Foxconn (2354.TW), and FM Capital.

Under the leadership of CEO Will Graylin, GO is making waves in the electric and autonomous vehicle space with its innovative SmartWheels™ technology. These next-level SmartWheels™ are powering a new era of electric vehicles (EVS) and autonomous vehicles (AVS) that promise to reshape how we think about mobility. But that’s not all. GO is also launching the GO Loop service hubs, designed to maintain, charge, and repair these vehicles. These hubs aim to provide flexible, income-generating opportunities for drivers, with convenient access to the growing fleet of GO EVS.

GO is bringing multiple light, smart EVS to fleets and mobility companies. The first of these, the DASH, is a compact but powerful option with enough room to seat four and transport goods in its spacious 90-cubic-foot interior. With 110 miles of range, it’s priced at around $20K (after tax credits), and pre-orders are already live. Delivery is set for Q4 2025.

Then there’s the FLOW—a truly cutting-edge vehicle. GO’s SmartWheels™ system, which integrates innovative suspension and propulsion in each wheel, offers a smooth, carpet-like ride. With 185 cubic feet of cargo space and over 200 miles of range, the FLOW also features a flat floor. It is ideal for easy access for people, packages, and wheelchairs. This vehicle is 100% drive-by-wire capable. It offers a central cockpit perfect for human drivers and autonomous driving systems (ADS), making it a prime candidate for multinational companies (MNCS).

In a strategic move, GO has recently acquired Clevon, a leader in unmanned delivery vehicles with teleoperations and ADS expertise. This acquisition will accelerate the development of GO’s SmartWheels™ platform and further integrate its modular technology with regional ADS providers, setting the stage to serve local MNCS.

With the latest funding, GO is ready to kick off its GO Loop services, roll out the DASH, and secure a Series C funding round by the end of the year, paving the way for FLOW’s market debut.