Myelin Foundry Pvt Ltd. announced that it has received INR 243 million in funding from Visteon Corporation, Endiya Fund Advisors Private Limited, Beyond Next Ventures Co., Ltd., Pratithi Investment Trust
January 22, 2023
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Myelin Foundry Pvt Ltd. announced that it has raised INR 245 million in a round of funding led by new investor Visteon Corporation on January 23, 2023. The transaction also included participation from Pratithi Investment Trust, returning investors Endiya Fund Advisors Private Limited and Beyond Next Ventures Co., Ltd. The company has raised total INR 445.44225 million funding till date.
Visteon Corporation is a global automotive technology company serving the mobility industry. The Company's platforms leverage hardware and software solutions that enable the digital, electric, and autonomous evolution of the Company's global automotive customers, including BMW, Ford, Geely, General Motors, Honda, Jaguar/Land Rover, Mahindra, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Renault, Stellantis, Tata, Toyota, and Volkswagen. The Company operates through the Electronics segment, which provides vehicle cockpit electronics products to customers, including digital instrument clusters, domain controllers with integrated advanced driver assistance systems (ADAS) displays, Android-based infotainment systems, and battery management systems. The Company designs and manufactures automotive electronics and connected car solutions, such as instrument clusters, information displays, infotainment, battery management systems, high-voltage power electronics, telematics solutions and others.
Myelin Foundry Pvt Ltd. announced that it has received INR 243 million in funding from Visteon Corporation, Endiya Fund Advisors Private Limited, Beyond Next Ventures Co., Ltd., Pratithi Investment Trust