02 May 2019, India:
Smart motor based startup Atomberg Technologies has raised undisclosed amount in funding from Suman Kant Mujal family office (Hero Group).
The startup will use the fresh capital to for expanding operations to other cities and new product development.
The announcement comes hot on heels with Atomberg having launched Renesa Smart Plus wi-fi enabled fans this month on Amazon which can be controlled through an app, Google Home and Alexa.
Manoj Meena, CEO & Co-Founder of Atomberg Technologies said, “To be able to build a hi-tech and category leading brand in the consumer durables space in the country, requires a lot of conviction and innovation at the fundamental level. In a tropical country like India, where fans are operational for almost 10-11 months in a year in most parts of the country, the opportunity for growth is huge.”
Manoj Meena, added, “We are excited to partner with Hero Group for this future growth. With this fresh raise, we are looking at building on our R&D capabilities and introducing new innovative products like Renesa Smart IoT fans for the Indian consumer. We are also exploring entering categories like air coolers and mixer-grinders with our smart motor.”
Mr Munjal, said, “We are extremely appreciative of the niche that Atomberg Technologies has created for itself in the traditional space of consumer durables. We have a strong belief in the founding team’s vision of disrupting the category with smart, tech-enabled products. Looking to partner with them in their next phase of growth.”
Atomberg Technologies was founded by Manoj Meena and Sibabrata Das. It manufactures energy efficient fans known as ‘Gorilla’ fans. The company takes pride in its R&D capabilities, innovation & technology and it’s commitment to create revolutionary products for the evolved new age consumer.
(Image – Atomberg Technologies)