Tessolve raises $75 million from US-based Vector Line Capital
Semiconductor engineering services firm Tessolve, a Hero Electronix venture, has raised $75 million (about Rs 725 crore) from US-based Vector Line Capital, as it pursues acquisitions to expand its capabilities and global presence.
Vector Line, a strategic investment company that invests exclusively in semiconductors and the chip supply chain, joins existing investors TPG and Novo Tellus. This is Vector Line’s first investment in India, Tessolve said in a statement.
The funds will support Tessolve’s growth, including strategic acquisitions that add to its existing capabilities, widen its service offerings, and strengthen its global footprint.
