The proceeds will be used to expand its voice AI platform, enhance product capabilities, and grow its presence in both domestic and international enterprise markets.
The fresh capital will be used to expand its presence in India and support its entry into international markets, including the Middle East, North Africa (MENA), and North America.
The initiative focuses on addressing key challenges faced by women-led fintech ventures, including limited access to investor networks, gaps in fundraising preparedness, and structural barriers within traditional funding systems.
It is the second-largest deal by an Indian IT company since 2025, after Tata Consultancy Services acquired Coastal Cloud for USD 700 million in December last year.
By leveraging Automicle's existing presence, Moving Tech plans to scale its services while continuing to collaborate with local transport systems and city-level stakeholders.
The latest funding will be used to enhance Nitro, the company's AI-powered execution platform, strengthen enterprise-focused sales, and support global expansion.
The partnership aims to develop indigenous defence technologies, combining expertise in semiconductors, electro-optics and unmanned systems to strengthen capabilities and exports.
Fresh funds will be deployed to expand product portfolio, scale manufacturing, strengthen distribution, and accelerate domestic and international market growth.
Several global investors, including TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S, and Phoenix Bear Investments, LLC, will also offload shares as part of the offering.
The initiative will support 100 community projects on skills, businesses, sustainability, offering up to INR 14 lakh funding to eligible organisations and groups.
The company recently announced its entry into space technology and drone manufacturing, marking a strategic diversification beyond its core avionics business.