Silicon Valley-based startup Cavli Wireless, co-founded by Indian Americans John Mathew, Ajit Thomas, Tarun Thomas George, and Akhil A Zeeb, has secured $10 million in Series A funding. The investment, led by Chiratae Ventures and Qualcomm Ventures, along with major US technology conglomerates, aims to support the company’s expansion of its manufacturing base in India and the launch of disruptive 5G and automotive solutions for its global customer base.
Established in 2017, Cavli Wireless specializes in designing and manufacturing cellular modules using 4G and 5G technologies, integrating eSIM and global connectivity into their products. With this recent funding, the company plans to bolster its position in the global Internet of Things (IoT) market by expanding its product portfolio, strengthening its research and development capabilities, and growing its international presence.
CEO John Mathew expressed excitement about the funding round and emphasized that it would play a crucial role in Cavli’s growth trajectory. The company intends to leverage the investment to further develop innovative 5G and automotive solutions that cater to the evolving needs of its global customer base. By expanding their manufacturing operations in India, Cavli aims to tap into the country’s skilled workforce and favorable economic environment, positioning itself strategically to meet increasing market demand.
The successful completion of this funding round not only highlights the confidence that investors have in Cavli Wireless but also showcases the growing interest in disruptive technologies such as 5G and IoT solutions. Chiratae Ventures and Qualcomm Ventures, two leading venture capital firms, recognized Cavli’s potential to drive innovation in the industry and took the opportunity to invest in the company’s promising future.
Cavli’s cellular modules with integrated eSIM and global connectivity enable seamless wireless communication across various devices and applications. These modules find extensive applications in sectors such as smart cities, industrial automation, logistics, healthcare, and automotive industries. By expanding its product portfolio, Cavli aims to address the growing demand for reliable, high-performance IoT solutions that can support the digital transformation initiatives of businesses worldwide.
Furthermore, the increased R&D capabilities resulting from the funding will empower Cavli Wireless to drive technological advancements in the 5G domain. As the world eagerly awaits the widespread adoption of 5G technology, Cavli aims to be at the forefront of this revolution, offering cutting-edge solutions that unlock new possibilities across industries.
Cavli’s decision to expand its manufacturing base in India aligns with the country’s ambition to become a global manufacturing hub. India’s skilled workforce, cost competitiveness, and government initiatives promoting domestic manufacturing have attracted several companies to establish their production facilities in the country. Cavli’s expansion will not only contribute to India’s economic growth but also strengthen its position as a key player in the global technology landscape.
The successful completion of the Series A funding round marks a significant milestone for Cavli Wireless. With the support of leading investors and their strong financial backing, the company is well-positioned to accelerate its growth trajectory, bolster its product offerings, and seize opportunities in the rapidly evolving IoT market. As Cavli Wireless continues to innovate and disrupt the industry, its 5G and automotive solutions are poised to shape the future of wireless connectivity and drive digital transformation across sectors globally.