Ahmedabad-based engineering firm Bacancy Systems has raised Rs 40 crore in a Series A round led by Sabre Partners and Greenstone Capital, marking a strategic funding milestone as the company deepens its play in electric mobility, railway electronics and industrial digital engineering.
Use of funds and expansion strategy
Bacancy plans to deploy the capital to scale manufacturing capacity, accelerate product innovation and bolster research and development. A significant portion will be earmarked for R&D to develop next‑generation embedded and power‑electronics solutions tailored to emerging mobility and industrial automation needs.
The company also intends to expand its international footprint, targeting new markets, and to recruit talent across engineering, artificial intelligence and digital domains to support accelerated product development and global go‑to‑market efforts.
Product focus: EVs and railway electronics
Founded by Binal Patel with co‑founders Krunal Patel and Hardik Sheth, Bacancy Systems specialises in embedded electronics and power systems. Its product portfolio includes critical EV infrastructure technologies such as DC charger controllers and power‑electronics modules.
Concurrently, the firm is broadening its presence in railway electronics with solutions for train control, passenger information systems and on‑board converter technologies. This dual focus aligns Bacancy with two priority sectors in India—electric vehicle adoption and railway modernisation—areas that benefit from sustained public investment and policy support.
Digital engineering and services
Beyond hardware design, Bacancy offers product engineering and IT services spanning cloud computing, data analytics and enterprise digital transformation. Its clients include companies in fintech, healthcare, SaaS and e‑commerce across North America, Europe and Asia.
By combining hardware expertise with software and digital engineering capabilities, Bacancy aims to capitalise on rising global demand for integrated solutions and contribute to domestic manufacturing and innovation goals under the Make in India initiative.
