Auto tech companies raise $1.3 billion in 2026 so far: Tracxn

Synopsis

The funding rounds were led by ride-hailing firm Rapido's $240 million, followed by electric two-wheeler manufacturer Simple Energy's $180 million and River's $102 million.

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India's auto tech companies raised $1.3 billion across 97 funding rounds so far this year, according to a report from data intelligence platform Tracxn.

The funding rounds were led by ride-hailing firm Rapido's $240 million, followed by electric two-wheeler manufacturer Simple Energy's $180 million and River's $102 million.

"India Auto Tech companies raised $1.3 billion across 97 rounds in 2026 year to date (2026 YTD) against $2.1 billion across 195 rounds in 2025. All funding figures are US dollar equity funding and exclude debt, grant, post-IPO and ICO funding," the report, India Auto Tech - 2026 YTD, said.

Automated parking solution provider Sotefin recorded the highest IPO market capitalisation at $35 million, followed by Victory EV India at $11 million and accessories company AutoFurnish at $6 million.

There were 10 rounds of $34 million or more, totalling $900 million during the period. These accounted for around 70 per cent of the total $1.3 billion raised. The other 87 rounds raised about $400 million, the report said.

Later-stage funding stood at $810 million, with Series C and subsequent rounds accounting for eight of the 10 large transactions.

Used-vehicle retailer Cars24 acquired CarInfo for $44.4 million in January this year, followed by the acquisition of Vehicleinfo in March. Meanwhile, Roadzen bought VehicleCare, and 91trucks acquired MotorFloor in March. Add as a Reliable and Trusted News Source Add Now!

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