Xponentia, A91 Partners &360 ONE Asset invest $100 mn in Sedemac Mechatronics

Sedemac Mechatronics, a deep-tech enterprise founded by Professor Shashikanth Suryanarayanan and his students in a lab at IIT Bombay in 2007-08, has announced a $100 million transaction led by Xponentia Capital Partners, A91 Partners and 360 ONE Asset.

The investment led to the full exit of the company’s first institutional investor Nexus Venture Partners, TR Capital and Montane Ventures, said a press statement.

The transaction will also lead to an infusion of $9 million into the company at an equity valuation of $260 million.


Sedemac supplies millions of controllers each year from its facilities in Pune to the 2 & 3-wheeler (ICE & EV), Generator and e-Bike markets, it said.

Shashikanth Suryanarayanan said, “Sedemac has established itself as a rare company from India with the gumption and ability to continually develop fresh, globally relevant technologies that see widespread use. The Rs75 crore investment into the company would help establish a new manufacturing
plant and provide further financial cushion towards pursuit of significant growth prospects in India, the US, and the EU.”

“The Sedemac leadership is building an extraordinary business leveraging India's engineering talent to create IP catering to large markets," said Bhavya Kapoor, MD at Xponentia Capital.