FedEx announced its investment in indiGOtech (Tradename: GO), a new mobility tech company, as part of a $54 million Series BB funding round. This strategic investment aims to accelerate the development and deployment of sustainable ride-hail and delivery solutions for communities.
indiGOtech is pioneering SmartWheels™ powered electric vehicles (EVs) and autonomous vehicles (AVs) designed for local transport, offering superior user experiences and unit economics. Their DASH EV, priced around $20K after tax credits, is ready for pre-orders with fulfillment in Q4 2025, while the FLOW EV offers advanced features for various logistics needs.
FedEx's participation in this funding round positions indiGOtech to launch its new EV models and secure further Series C funding. This alliance underscores FedEx's commitment to leveraging innovative technology to enhance its last-mile delivery capabilities, improve operational efficiency, and advance its sustainability goals.
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