Bacancy Systems Private Limited has successfully closed its Series A funding round, raising ₹40 crore, led by Sabre Partners and Greenstone Capital, both acquiring minority stakes.

The Gujarat-based company plans to utilize the capital to expand manufacturing capacity, strengthen research and development, accelerate product innovation, and support global market expansion. The move aligns with India’s Make in India initiative, focusing on domestic innovation in EV and railway technologies.

Founded in 2021 by Binal Patel, along with Krunal Patel and Hardik Sheth, Bacancy specializes in embedded electronics, power systems, and cloud-integrated solutions. Its portfolio includes EV charging systems and DC charger controllers, along with advanced railway electronics such as Train Control and Management Systems (TCMS) and remote monitoring platforms.

The company aims to capitalize on India’s growing EV infrastructure and railway modernization opportunities, positioning itself as a key player in next-generation industrial technology.