The funding rounds were led by ride-hailing firm Rapido‘s $240 million, followed by electric two-wheeler manufacturer Simple Energy’s $180 million and River’s $102 million.
“India Auto Tech companies raised $1.3 billion across 97 rounds in 2026 year to date (2026 YTD) against $2.1 billion across 195 rounds in 2025. All funding figures are US dollar equity funding and exclude debt, grant, post-IPO and ICO funding,” the report, India Auto Tech – 2026 YTD, said.
Automated parking solution provider Sotefin recorded the highest IPO market capitalisation at $35 million, followed by Victory EV India at $11 million and accessories company AutoFurnish at $6 million.
There were 10 rounds of $34 million or more, totalling $900 million during the period. These accounted for around 70 per cent of the total $1.3 billion raised. The other 87 rounds raised about $400 million, the report said.
Later-stage funding stood at $810 million, with Series C and subsequent rounds accounting for eight of the 10 large transactions.
Used-vehicle retailer Cars24 acquired CarInfo for $44.4 million in January this year, followed by the acquisition of Vehicleinfo in March. Meanwhile, Roadzen bought VehicleCare, and 91trucks acquired MotorFloor in March.
