Procurabl Company Profile

Background

Overview

Procurabl Solutions Private Limited, established in December 2020 and headquartered in Pune, Maharashtra, India, specializes in providing vertically integrated supply chain solutions for the mobility industry. The company focuses on enhancing procurement operations for Original Equipment Manufacturers (OEMs) by managing component supply chains through a meticulously vetted network of manufacturers, delivering end-to-end services.

Mission and Vision

Procurabl's mission is to accelerate the global transition to e-mobility by delivering digital, innovative, and sustainable supply chain solutions. The company envisions becoming a pivotal partner in electrification, making procurement operations efficient, accessible, and swift for hardware builders across various sectors.

Industry Significance

Operating within the manufacturing and supply chain sectors, Procurabl addresses the critical need for streamlined procurement processes in the rapidly evolving mobility industry. By offering comprehensive supply chain services, the company plays a significant role in supporting the production of electric vehicles, drones, defense systems, space hardware, and solar infrastructure.

Key Strategic Focus

Core Objectives

Procurabl aims to revolutionize procurement for hardware builders by providing a unified platform that simplifies supplier discovery, qualification, compliance management, and logistics. The company seeks to enhance operational efficiency, reduce time to market, and improve profitability for its clients.

Areas of Specialization

The company specializes in:

• Supplier Discovery and Qualification: Utilizing a network of over 10,000 suppliers audited on more than 50 data points to ensure quality and reliability.

• Compliance Management: Handling complex compliance documentation, including AIS 156, PLI, AS9100, RoHS, REACH, and EU Battery Passport, to ensure adherence to industry standards.

• Logistics and Supply Chain Management: Providing end-to-end logistics solutions to ensure timely and efficient delivery of components and assemblies.

Key Technologies Utilized

Procurabl leverages advanced technologies such as AI-assisted systems for supplier evaluation, machine learning algorithms for demand forecasting, and digital platforms for real-time supply chain visibility. These technologies enable the company to offer innovative and efficient procurement solutions.

Primary Markets Targeted

The company's primary markets include:

• Automotive: Supporting manufacturers in sourcing components for electric vehicles.

• Aerospace and Defense: Assisting in the procurement of specialized components for drones and defense systems.

• Space Technology: Facilitating the supply chain for space hardware manufacturers.

• Renewable Energy: Providing supply chain solutions for solar infrastructure projects.

Financials and Funding

Funding History

As of May 2026, specific details regarding Procurabl's funding history, including total funds raised, recent funding rounds, and notable investors, are not publicly disclosed. The company operates on a B2B model, generating revenue through commissions on transactions and fee-for-service arrangements.

Utilization of Capital

While exact utilization details are not publicly available, it is anticipated that any raised capital would be directed towards:

• Technology Development: Enhancing digital platforms and AI capabilities.

• Network Expansion: Onboarding additional suppliers and partners to broaden the service offering.

• Market Penetration: Expanding operations into new geographic regions and industry verticals.

Pipeline Development

Key Pipeline Candidates

Procurabl's pipeline includes:

• Component Repository: Developing comprehensive libraries based on specifications, applications, and manufacturing processes to streamline component sourcing.

• Discovery Engine: Enhancing AI-driven tools for rapid supplier discovery and qualification.

• Digital Supply Chain Solutions: Implementing end-to-end digital platforms for real-time supply chain visibility and management.

Target Conditions

The company's solutions are designed to address challenges such as:

• Supplier Reliability: Ensuring consistent quality and delivery performance.

• Compliance Complexity: Simplifying adherence to diverse industry standards and regulations.

• Supply Chain Disruptions: Mitigating risks associated with market fluctuations and geopolitical events.

Anticipated Milestones

Procurabl aims to achieve:

• Expansion of Supplier Network: Onboarding additional suppliers to enhance sourcing capabilities.

• Technological Enhancements: Implementing advanced AI and machine learning algorithms for improved procurement processes.

• Geographic Expansion: Entering new markets to serve a broader client base.

Technological Platform and Innovation

Proprietary Technologies

Procurabl has developed proprietary technologies, including:

• Lexa: An AI-assisted system that evaluates supplier fit, manufacturing capabilities, and sourcing relevance directly from the Bill of Materials (BOM).

Significant Scientific Methods

The company employs:

• AI-Driven Supplier Evaluation: Utilizing machine learning algorithms to assess supplier capabilities and performance.

• Digital Supply Chain Mapping: Creating real-time, digital representations of supply chains for enhanced visibility and management.

Leadership Team

Executive Profiles

• Ninad Kashid: Founder & CEO. Ninad has a background in engineering and has previously worked with organizations such as Mahindra and Accenture. He is responsible for the overall strategic direction and leadership of Procurabl.