New Delhi, March 30 Bacancy Systems, a startup based in Gujarat that specializes in embedded electronics and power systems, has raised ₹40 crore in a Series A funding round led by private equity investment firm Sabre Partners and growth equity fund Greenstone Capital.
Both investors have acquired minority stakes in the company through primary investments, the company said in a statement.
The fresh capital will be used to scale up manufacturing capabilities, accelerate product development, deepen research and development (R&D), and expand into international markets.
Founded in 2021, Bacancy Systems deals in hardware, firmware, and cloud technologies. The company primarily serves original equipment manufacturers (OEMs) and charging infrastructure players in the Electric Vehicle (EV) sector, with a strong focus on DC charger controllers.
In addition to its EV portfolio, the company is also expanding into the railway electronics segment.