Anicut Capital Invests ₹60 Crore in Mobility Tech Startup BlueBinaries.

Anicut Capital, a multi-asset alternative investment firm, has announced a ₹60 crore investment in BlueBinaries Engineering and Solutions Pvt Ltd, a Chennai-based start-up specializing in engineering research and development (ER&D) for the mobility sector. Founded in 2017, BlueBinaries has made a significant impact in ER&D services, offering advanced solutions across various mobility sectors and serving clients in Europe, the UK, the US, and Asia Pacific.

The company focuses on accelerating the development of software-defined vehicles (SDVs) through services such as electrical/electronics architecture design and digital technologies, including cloud computing, AI/ML, cybersecurity, and IoT solutions.

Dhruv Kapoor, Partner at Anicut Capital, highlighted the growth potential in the automotive electronics and software market, which is projected to exceed $80 billion by 2030. This growth is driven by the increasing demand for safer vehicles, advanced connectivity, and next-generation mobility solutions.

Kapoor expressed confidence in BlueBinaries' ability to lead the industry with its comprehensive mobility offerings, thanks to its deep industry knowledge and strong engineering capabilities.

Kishore LM, Co-founder, President & COO of BlueBinaries, described the investment from Anicut Capital as a major milestone for the company. He emphasized that the funds will help expand their customer base among OEMs and Tier-1 automotive suppliers and enhance their SDV and digital capabilities.

With the new investment, BlueBinaries plans to advance its strategic initiatives by developing sustainable, safe, connected, and intelligent automotive technologies, further embracing a digital-first approach.

HBL