GURUGRAM, INDIA – Elecbits has raised $5.5 million in Series A funding to expand its electronics design and manufacturing capabilities. The round was led by Nexus Venture Partners, with participation from SE Ventures Energy, the investment arm of Schneider Electric, and Singapore-based Riverwalk Holdings.
The company plans to use the new capital to scale Elecbits XOR, its AI-enabled electronics engineering and manufacturing platform, while expanding engineering teams and building in-house manufacturing capacity. The investment supports rising enterprise demand for integrated electronics product development services.
Elecbits serves more than 200 enterprise customers and is positioning itself to benefit from ongoing shifts in global electronics manufacturing away from China.