BlueBinaries, a prominent player in engineering and technology services specializing in software-defined vehicles and electrical and electronics (E&E) architecture, has successfully completed a ₹60 crore funding round.
The investment, spearheaded by Anicut Capital, marks a significant development for the company, which was established in 2017. The new funds are intended to support BlueBinaries’ growth strategy and strengthen its position within the global mobility sector.
Srinivas Aravapalli, Founder and CEO of BlueBinaries, revealed that the funds will be allocated to expanding the company’s international presence. BlueBinaries, with established operations in Europe, the UK, and the US, collaborates with leading global OEMs and tier-1 automotive suppliers.
The latest capital injection will facilitate the company’s expansion into the APAC region, particularly targeting growth in Korea, the US, and scaling its presence in India. “We are currently active in Europe, the UK, and the US, working with major OEMs in these regions, as well as in India. This funding will enable us to further our expansion into the APAC region, including strengthening our operations in Korea and the US,” Aravapalli said in an interview with a TV Channel.
The expansion will focus on advancing capabilities in E&E architecture, software-defined vehicles, cockpit electronics, and advanced driver assistance systems. This move is aimed at meeting the increasing global demand for innovative technologies.
BlueBinaries plans to leverage this investment to enhance its technological offerings and serve its global clients more effectively. “Our goal is to position ourselves as the preferred engineering partner for leading global mobility companies within the next three to five years,” Aravapalli added.
