[Funding News] Anicut Capital Invests INR 60 Cr in BlueBinaries, an ER&D Services Company for the Mobility Industry

Anicut Capital, a multi-asset investment firm, announced an investment of INR 60 crore in BlueBinaries Engineering and Solutions Private Limited, a leading engineering and technology services company for the mobility industry.

This Strategic investment reinforces BlueBinaries mission to deliver cutting-edge technological solutions and services for the mobility industry while driving its global expansion. It showcases Anicut’s commitment to supporting growth-stage startups and fostering high-potential businesses that are aiming to expand towards newer geographies and leading by example in their respective business domains.

BlueBinaries has established itself as a key ER&D services player in the mobility industry, renowned for delivering advanced solutions and services across mobility solutions. With deep expertise in Product & Digital Engineering domains, BlueBinaries serves a diverse customer base in Europe, the UK, the USA, and APAC.

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The company focuses on accelerating the development of Software Defined Vehicles (SDVs) with E/E Architecture design & development services and Digital technologies like Cloud, DevOps, AI/ML, CyberSecurity, and IOT solutions for its customers.

BlueBinaries growth and innovation are driven by its commitment to solving the mobility industry’s complex challenges, and with Anicut Capital's investment, the company is poised to advance its strategic initiatives by developing sustainable, safe, connected, and intelligent automotive technologies embracing a digital-first approach.

Kishore LM, Co-founder, President & COO, BlueBinaries, said: "It will enable us to build on our existing robust customer base of OEM’s and Tier 1 automotive suppliers across geographies, enhance our SDV and Digital capabilities, and continue delivering cutting-edge solutions to meet the evolving demands of the industry."

About Blue Binaries

BlueBinaries, a specialized engineering and technology partner, is accelerating the transformation of the mobility industry with a solution-centric approach that creates delightful experiences. With a strong pedigree in Vehicle E/E Engineering and Digital Technologies, BlueBinaries offers a range of solutions and services focused on Vehicle Engineering & Systems Development, Digital Engineering & Enterprise IT, as well as Testing & Homologation.

About Anicut Capital

Anicut Capital is redefining asset management with its innovative approach across both debt and equity strategies. Managing six diverse funds, including three debt funds and three equity funds, Anicut boasts a robust AUM of INR 3,000 crores.

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