ThingsUp offers a low-code platform that enables enterprise customers to build and deploy IoT applications and make products smart and connected within weeks, claiming to save 80% of development effort and time. The startup currently focuses on electric vehicle (EV) mobility and cold supply chain logistics and counts 30+ enterprise customers, including some of India's largest EV OEMs. Its EVe monitoring platform provides connected vehicle capabilities such as diagnostics, monitoring, vehicle performance analytics and features aligned with India’s EV policy. ThingsUp reports 12,000+ IoT nodes on its platform, processing more than 1 terabyte of data daily. The company plans to launch two additional solutions addressing EV OEM problems around vehicle performance, diagnostics, and compliance. Management says funds will be used to expand product development, sales, operations, integrations, and analytics to improve customer data insights and operational efficiencies at scale.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2022