indiGO Tech (Tradename: GO), a new mobility tech company based in Massachusetts, today announced it closed a $54 million Series BB funding round, including investments from FedEx (NYSE: FDX), Foxconn (2354.TW) and FM Capital.
“GO is run by MIT entrepreneurs with patented deep tech applied to the growing needs of drivers and fleets.” Will Graylin, CEO, said. Will Graylin, who led four previous tech ventures to reach mass commercial scale, including Samsung Pay. “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.”
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GO is offering multiple light smart EVs for fleets and mobility companies. The Dash can seat four and carry packages with a spacious 90 cubic feet interior, 110 miles of range and is priced around $20K after tax credits; it is now ready for pre-orders with fulfillment in Q4 of 2025. The Flow is powered by GO SmartWheels™ (a breakthrough integrated smart suspension and propulsion system in each wheel), that enable a magic carpet like experience, 185 cubic feet of space, 200+ miles of range and a low flat floor for easy seat changes and ingress/egress for people, packages and wheelchairs.
The Flow is 100% drive-by-wire capable, with a center drive cockpit ideal for ergonomics and for easy switching between human drivers and autonomous driving systems (ADS) needed by MNCs. GO recently acquired Clevon, an unmanned delivery vehicle provider with teleoperations and ADS capabilities, to accelerate GO’s SmartWheels platform development and to integrate our SmartWheels™ modularly with best-in-class regional ADS providers to serve local MNCs.
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This round of strategic funding from FedEx and Foxconn positions GO very well to start GO Loop services, launch the Dash, and secure a Series C by year end to bring the Flow to market. GO has also signed with TD Cowen as its investment banker to raise its Series C from large strategic and institutional investors. GO’s talented team across U.S., Europe and Asia is excited to be innovating towards the future of sustainable ride hail and delivery solutions.
About indiGO Tech
indiGO Tech (Tradename: GO) is a new mobility tech company providing next gen EVs and transport services for sustainable local ride hail and deliveries, with superior user experience and unit economics.
GO’s patented SmartWheels™ power Smart EVs and AVs called Flow, that are roomier, smoother and safer, yet more efficient and economical. GO Loop provides local electric transport services (LETS) with Smart EVs and Service Hubs and Smart Driver Management to supply mobility companies with more cost-effective rides and deliveries.
