Anicut Capital, a multi-asset investment firm, has announced a strategic investment of INR 60 crore in BlueBinaries Engineering and Solutions Private Limited, a leading engineering and technology services company for the mobility industry. This significant investment underscores BlueBinaries’ commitment to delivering cutting-edge technological solutions while bolstering its global expansion efforts.
Founded in 2017, BlueBinaries has quickly established itself as a key player in the Engineering Research & Development (ER&D) services sector, renowned for offering advanced solutions and services across various mobility platforms. The company’s deep expertise in Product and Digital Engineering domains has enabled it to serve a diverse clientele across Europe, the UK, the USA, and the APAC region.
Accelerating Global Expansion
The investment from Anicut Capital is poised to accelerate BlueBinaries’ growth trajectory, particularly in the rapidly evolving domain of Software Defined Vehicles (SDVs). The company specializes in Electronic/Electrical (E/E) Architecture design and development services, alongside offering cutting-edge Digital technologies such as Cloud, DevOps, AI/ML, Cybersecurity, and IoT solutions.
“The overall automotive electronics and software market is expected to grow to USD 80B+ by 2030 with an increase in demand for safer vehicles, advanced connectivity, and next-gen mobility solutions accelerating digital adoption across the world,” said Dhruv Kapoor, Partner at Anicut Capital. “With deep industry knowledge and strong engineering capabilities, we believe BlueBinaries is well-positioned to lead the industry with end-to-end mobility offerings.”
Strengthening Industry Leadership
The strategic investment from Anicut Capital will allow BlueBinaries to further enhance its existing customer base of OEMs and Tier 1 automotive suppliers across multiple geographies. The infusion of capital will also help the company build on its SDV and Digital capabilities, ensuring it continues to meet the evolving demands of the mobility industry.
“This investment from Anicut Capital is a significant milestone for BlueBinaries,” said Kishore LM, Co-founder, President & COO of BlueBinaries. “It will enable us to build on our existing robust customer base of OEM’s and Tier 1 automotive suppliers across geographies, enhance our SDV and Digital capabilities, and continue delivering cutting-edge solutions to meet the evolving demands of the industry.”
Driving Innovation in Mobility
BlueBinaries has consistently demonstrated its commitment to solving the complex challenges of the mobility industry. The company’s focus on sustainable, safe, connected, and intelligent automotive technologies is driving its innovation efforts. With the support of Anicut Capital, BlueBinaries is poised to advance its strategic initiatives, embracing a digital-first approach to transform the mobility landscape.
About BlueBinaries
BlueBinaries Engineering and Solutions Private Limited is a specialized Engineering and Technology partner dedicated to accelerating the transformation of the mobility industry. With a strong foundation in Vehicle E/E Engineering and Digital Technologies, the company offers a range of solutions focused on Vehicle Engineering & Systems Development, Digital Engineering & Enterprise IT, and Testing & Homologation. BlueBinaries is at the forefront of next-gen mobility, including Software-Defined Vehicles (SDV), E/E Architectures, Electrification, and Shared Mobility, driving innovation to create a connected and sustainable future.