When was Bacancy Systems founded?

Bacancy Systems was founded in 2021 and raised its 1st funding round 5 years after it was founded.

Where is Bacancy Systems located?

Bacancy Systems is headquartered in Ahmedabad, India. It is registered at Office No 15, Ground Floor, Times Corporate Park, Thaltej, Ahmedabad, Daskroi, Gujarat, India, 380059.

Who is the current CEO of Bacancy Systems?

Binal Patel of Bacancy Systems. They have also founded 1 company.

Which legal entities is Bacancy Systems associated with?

Bacancy Systems is associated with BACANCY SYSTEMS LLP.

How many employees does Bacancy Systems have?

As of May 31, 2025, Bacancy Systems has 78 employees, reflecting a 15% year-over-year growth in headcount.

Is Bacancy Systems a funded company?

Bacancy Systems is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Mar 30, 2026.

When was the latest funding round of Bacancy Systems?

Bacancy Systems' latest funding was a $***** Series A round on Mar 30, 2026, with participation from 2 investors. Its primary sector is Electric Vehicles. In India, the Electric Vehicles sector has seen $1.32B in funding in 2026 to date.

What is the annual revenue of Bacancy Systems?

Annual revenue of Bacancy Systems is between ₹10 Cr and ₹50 Cr as on Mar 31, 2024

Where does Bacancy Systems rank among its competitors?

Bacancy Systems ranks 9th amongst 321 active competitors, of which 60 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Bacancy Systems, which secured $4.22M in Mar, 2026.

Who are the top competitors of Bacancy Systems?

Bacancy Systems' top competitors include Delta Electronics, Varroc and Emo Energy. Among them, Bacancy Systems secured the most recent funding round in March, 2026.

Bacancy Systems - 2026 Company Profile, Team, Funding, Competitors & Financials

Bacancy Systems is a series A company based in Ahmedabad (India), founded in 2021 by Binal Patel and Hardik Sheth. It operates as an Embedded engineering and manufacturing solutions for IoT, healthcare, and e-mobility industries. Bacancy Systems has raised $4.22M in funding from Sabre Partners and Greenstone Capital. The company has 321 active competitors, including 60 funded and 34 that have exited. Its top competitors include companies like Delta Electronics, Varroc and Emo Energy.

Company Details

Embedded engineering and manufacturing solutions for IoT, healthcare, and e-mobility industries. It expedite next-generation innovation capabilities by offering cutting-edge customized design and development solutions, Assemblies, Validation, Certification, and Manufacturing services. It has its own production house where it manufacture components such as CCS2 controllers, Battery Management System, DC fast charger, AC charger controllers, Motor controllers, etc.

Website: bacancysystems.com
Social
Email ID: *****@bacancy.com
Phone Number: +91 **********
Part Of
Registered Address: Office No 15, Ground Floor, Times Corporate Park, Thaltej, Ahmedabad, Daskroi, Gujarat, India, 380059

Key Metrics

Founded Year

2021

Location

Ahmedabad, India

Stage

Series A

Total Funding

$4.22M in 1 round

Latest Funding Round

Series A, Mar 30, 2026, $*****

Investors

Sabre Partners & 1 more

Ranked

9^th among 321 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2024

Employee Count

78 as on May 31, 2025

Similar Companies

Delta Electronics & 147 more

View Bacancy Systems' full profile

Bacancy Systems is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BACANCY SYSTEMS LLP CIN: AAV-6920 , India, Converted and dissolved	Feb 03, 2021	₹10 - ₹50 Cr (As on Mar 31, 2024)	78 (As on May 01, 2025)

Bacancy Systems has raised a total funding of $4.22M over 1 round. Its latest funding round was a Series A round on Mar 30, 2026 for $*****. 2 investors participated in its latest round. Bacancy Systems has 2 institutional investors.

Here is the list of recent funding rounds of Bacancy Systems:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 30, 2026	6894804	Series A	8105938	4791125	3689957	7753236

Access funding benchmarks and valuations. Sign up today!

View details of Bacancy Systems's funding rounds and investors

The founders of Bacancy Systems are Binal Patel and Hardik Sheth. Binal Patel is the CEO of Bacancy Systems.

Here are the details of Bacancy Systems' key team members:

Binal Patel: Co-Founder & CEO of Bacancy Systems.
Hardik Sheth: Co-Founder & CTO of Bacancy Systems.
Contact Info: 1 email address and 1 phone number

View details of Bacancy Systems's Founder profiles and Board Members

Bacancy Systems' employee count trend

Bacancy Systems has 78 employees as of May 25. The total employee count is 15.0% more than what it was in May 24. Here is Bacancy Systems's employee count trend over the years:

Employee count trend for Bacancy Systems

Uncover Bacancy Systems' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Bacancy Systems include Delta Electronics, Varroc and Emo Energy. Here is the list of Top 10 competitors of Bacancy Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Delta Electronics 1971, Taipei (Taiwan), Public	Power management and thermal solutions provider	-	OSTI	69/100
2nd	Varroc 1990, Aurangabad (India), Public	Manufacturer of automotive components	$50M	Tata Opportunities Fund, Nepean Capital & 1 others	67/100
3rd	Emo Energy 2022, Bengaluru (India), Series A	Provider of energy management systems integrating battery technology and charging hardware	$14.1M	Subhkam Ventures, Gruhas & 49 others	67/100
4th	VisIC Tech 2010, Rehovot (Israel), Public	Developer of GaN power semiconductors for electric vehicle and industrial applications	$92.6M	MediaTek, GSR Capital & 6 others	65/100
5th	Spark Minda 1958, Noida (India), Public	Manufacturer of automotive components including vehicle access systems, die cast parts, electrical distribution systems, interior plastics, instrument clusters, electronic devices, sensors, and starter motors	$25.2M	Phi Capital	63/100
6th	Qnovo 2009, Milpitas (United States), Series C	Battery management software for the e-mobility sector	$40M	USVP, RockPort Capital & 12 others	61/100
7th	Bosch eBike Systems 2012, Stuttgart (Germany), Unfunded	Electric drive systems for bicycles	-	-	60/100
8th	Breathe Battery Technologies 2019, London (United Kingdom), Series B	Physics-based battery management software	$31M	Kinnevik, Lowercarbon Capital & 5 others	60/100
9th	Bacancy Systems 2021, Ahmedabad (India), Series A	Embedded engineering and manufacturing solutions for IoT, healthcare, and e-mobility industries	$4.22M	Sabre Partners, Greenstone Capital	59/100
10th	Electra Vehicles 2015, Boston (United States), Acquired	Battery management system for electric vehicles	$24.6M	United Ventures, Blackberry & 12 others	58/100