indiGOtech, an EV startup based in Massachusetts, has raised $54 million in fresh funding. The round was led by FedEx, Foxconn, and FM Capital. With this backing, indiGOtech is set to launch its budget-friendly electric vehicles designed for ride-hailing and last-mile delivery.
Its first vehicle, the DASH, is expected to launch in Q4 2025. Compact yet capable, it features 90 cubic feet of cargo space and a 110-mile range. The DASH will cost just $20,000 after tax credits—making it a smart choice for gig drivers and small delivery operators. Next up is the FLOW, a larger EV with more than 200 miles of range and 185 cubic feet of space. It also includes indiGOtech’s SmartWheels™ system, which enhances comfort and control.
To support these vehicles, indiGOtech will launch GO Loop hubs. These centers will handle fast charging, repairs, and maintenance. By reducing vehicle downtime, the company aims to keep drivers on the road and earnings consistent.
In a bold move, indiGOtech has also acquired Clevon, a startup known for its autonomous delivery vehicles. This deal brings teleoperation and smart driving systems into indiGOtech’s platform. It’s a big step toward future driverless services and boosts their position in the mobility tech race.
CEO Will Graylin—who previously helped launch Samsung Pay—is leading the charge. He plans to secure Series C funding later this year to bring the FLOW to market and expand SmartWheels™ globally. With strong support and a clear mission, indiGOtech is well on its way to transforming urban mobility with affordable, sustainable EVs.
