Bengaluru, March 17 -- After disrupting India's ceiling fan market with energy-efficient motors, Atomberg Technologies is now targeting the appliance supply chain, expanding into component manufacturing as it prepares for a public listing this year.
The appliance maker, backed by Temasek, Steadview Capital, and A91 Partners, is scaling its subsidiary Atomberg Innovations to supply critical components such as motors, controllers, and compressors to appliance makers and other manufacturers.
"What we are doing is localising core technologies that historically came from outside India," Manoj Meena, founder and chief executive officer (CEO), Atomberg Technologies told Mint. "That creates an alternative to the China supply chain."
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